TrueUSD (TUSD) Savings Account: Earn Interest on Crypto
YouHodler’s list of options for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 10.84% per year. True USD (TUSD) is a popular choice for stablecoins in the market. Here’s some information on TUSD and also learn how to easily accumulate crypto interest on YouHodler.
What is TrueUSD (TUSD)? How to earn crypto?
Much like all the other stablecoins on YouHodler, TrueUSD (TUSD) is a stable cryptocurrency (stablecoin) that is backed by real, US dollars. For every 1 TUSD, $1.00 USD backing it. Introduced in early 2018, TUSD’s US dollar holdings are distributed in a variety of bank accounts that belong to different trust companies. The parties involved all sign an agreement to publicly share the collateralized holdings daily and conduct monthly audits. Furthermore, the token uses multiple escrow accounts to decrease counterparty risk and provide legal protection against theft for token holders.
Safe to say, TUSD is one of the most transparent and trustworthy stablecoins on the market. For that reason, YouHodler included it in it’s platform. Now let’s see how you can earn crypto interest with TUSD.
TUSD savings account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low risk investment tools. Here are a few reasons to earn interest on crypto with YouHodler:
- Earn TUSD crypto APR up to 10.84% High-yield savings accounts: Earn 10.84% interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out weekly without any fees: At the end of each weekly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw, or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
TUSD is just one option to earn interest on crypto with YouHodler. Visit our “Earn Interest” page to see the wide variety of stablecoin, and cryptocurrency stablecoins to choose from. Earn interest on Bitcoin, Binance Coin and much more. Earn crypto with a savings account and discover a more productive way to HODL.
TrueUSD saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your True USD (TUSD) just like you would in a regular wallet but in addition, earn interest on that TUSD wallet balance every week.
How does TUSD interest work
You can earn interest on TUSD just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 10.94% interest on TUSD.
How to Earn Free TUSD
It’s easy! Just deposit TUSD to your YouHodler wallet and you’ll earn free TUSD every week.
How to Get Free TUSD
Interest payments occur every seven days. So you’ll get your free TUSD a week after your first deposit.
Cumulative Interest TUSD
Yes, you have cumulative interest if you HODL TUSD in the wallet. We calculate compound interest rates every week.
TUSD APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more TUSD at the end of the year due to this cumulative interest.
TUSD Savings Calculator
Just use our TUSD Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.