FDUSD

First Digital USD price 
FDUSD

$1.00  

0.03% (1d)

First Digital USD to USD Chart

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First Digital USD statistics
Market cap
 

0.03%

$1,989,786,830
#51
Volume (24h)
 

27.11%

$2,982,697,715
#5
Volume/Market cap (24h)
 
149.90%
Circulating supply
 
1,988,956,599 FDUSD
Total supply
 
1,988,956,599 FDUSD
Max. supply
 
--
Fully diluted market cap
 
$1,989,786,830
FDUSD to USD converter
FDUSD
USD
Price performance
24h 
Low
$0.9988
High
$1.00
All-time high
Jul 29, 2023 (a year ago)
$1.06
-5.58%
All-time low
Jul 31, 2023 (a year ago)
$0.912
+9.7%
See historical data
Popularity
In watchlists8,977x
2561st / 10.0K
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First Digital USD news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About First Digital USD

FDUSD is a 1:1 USD-backed Stablecoin.

FDUSD provides users with a stable digital currency that is backed by fiat currency, which can help reduce the volatility in the cryptocurrency market. This makes it more appealing to investors and merchants, who are wary of the volatility associated with traditional cryptocurrency price fluctuations.

FDUSD can improve the efficiency of financial transactions by reducing transaction costs and improving the speed and accuracy of these transactions in a secure manner. FDUSD can also facilitate cross-border transactions and reduce the fees and processing times associated with traditional methods.

The stability of a fiat-backed stablecoin is preserved through the maintenance of a 1:1 peg with the corresponding fiat currency. This is achieved by meticulously ensuring that the value of the reserve assets held matches or exceeds the total quantity of outstanding stablecoins. In essence, the reserves serve as a guarantee for the issuer's commitment to redeem the stablecoin at its nominal value. It is important to note that FDUSD operates under rigorous custodial arrangements.

Furthermore, the FDUSD can be programmed, allowing financial contracts, escrow, and insurance without intermediaries.

 
 
 
 
 
 

First Digital USD analytics

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