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Gate.io announced an offering for users to mint GUSD by converting USDT or USDC at a 1:1 ratio, featuring an estimated 3.8% APR, daily compounding returns, flexible redemption options, and support for multiple stablecoins.
Gate.io has introduced a GUSD Minting product that enables users to convert USDT or USDC to GUSD certificates at a one-to-one ratio. According to published details, users receive daily compounding returns, which begin accruing immediately, with flexible options to redeem GUSD back to the original stablecoin at any time, using either fast or standard redemption methods.
The official materials indicate an estimated APR, with a 3.8% rate and zero redemption fees highlighted in the post, although the product page also displays a higher temporary 'Welcome Reward' rate. GUSD is presented as principal-protected, backed by a combination of Gate ecosystem revenue and tokenized U.S. Treasuries, and can be used across several features within Gate.io’s platform, including trading and collateralization.
To join the GUSD minting promotion on Gate.io, users need to register or log in to their Gate.io account and fund it with USDT or USDC. After depositing, navigate to the 'GUSD Minting' section and convert stablecoins into GUSD at a 1:1 ratio. Returns begin accruing daily, and GUSD can be redeemed at any time for USDT or USDC. For more details or to participate, visit the official sign-up link.
Gate.io is a crypto exchange offering a range of trading options including spot, margin, futures, and ETFs, along with access to a wide selection of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and tokenized assets like GateToken (GT). The platform features tools such as cloud mining, a lending and borrowing system, customizable trading strategies, and a built-in TradingView terminal. Users can also benefit from interactive training resources, monthly voting for new assets, an affiliate program, mobile trading, and 24/7 multilingual technical support. For further details, see the broker profile on Traders Union.
For more background, you can read our earlier news about Gate.io, which details their launch of the World Cup Prediction Championship and other recent initiatives.