FDUSD

First Digital USD price
FDUSD
#45

$0.9992  

0.12% (1d)

First Digital USD to USD Chart

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First Digital USD statistics
Market cap
$2.32B

1.08%

Volume (24h)
$18.46B

17.81%

FDV
$2.32B
Vol/Mkt Cap (24h)
795.02%
Total supply
2.32B FDUSD
Max. supply
--
Circulating supply
2.32B FDUSD
FDUSD to USD converter
FDUSD
USD
Price performance
24h 
Low
$0.9954
High
$1.00
All-time high
Jul 29, 2023 (1 year ago)
$1.06
-5.7%
All-time low
Jul 31, 2023 (1 year ago)
$0.912
+9.57%
See historical data


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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.

What is First Digital USD?

What is the technology behind First Digital USD?

What are the real-world applications of First Digital USD?

What key events have there been for First Digital USD?

Who are the founders of First Digital USD?

 
 
 
 
 
 

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