First Digital USD
FDUSD Price
FDUSD, issued by First Digital Limited, is a 1:1 USD-backed stablecoin available on Ethereum and the BNB Smart Chain. More
| Fully Diluted Valuation | $1.48B |
|---|---|
| 24H Trading Volume | $1.16B |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 1.48 B |
| Total Supply | 1.48 B |
| Max Supply | 0.00 |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | First Digital Labs |
| Website | firstdigitallabs.com Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Solscan 7 more |
| Contracts |
0xc5f....16409
4 more
|
| Name | Pair | OG Score |
|---|
Issued by First Digital Limited and operating under the brand name First Digital Labs, FDUSD is a 1:1 USD-backed stablecoin designed to revolutionize financial transactions and provide users with a reliable digital currency.
Stability and Backing:
At the core of FDUSD's appeal is its unwavering stability. Maintaining a 1:1 peg with the US dollar, FDUSD ensures that each token is backed by an equivalent value in high-quality reserves, including cash and cash equivalents. This commitment to a robust backing system not only reduces the impact of volatility in the cryptocurrency market but also instills confidence in users, knowing that their FDUSD tokens can be redeemed for their full value in US dollars.
Efficiency in Transactions:
FDUSD goes beyond mere stability; it aims to enhance the efficiency of financial transactions. By leveraging the Ethereum and BNB Smart Chain networks, FDUSD reduces transaction costs, accelerates processing times, and ensures the accuracy and security of transactions. This efficiency makes FDUSD an attractive option for investors and merchants seeking a stable digital currency without the unpredictable price fluctuations associated with traditional cryptocurrencies.
Cross-Border Transactions:
Facilitating cross-border transactions is another forte of FDUSD. Traditional methods often come with hefty fees and extended processing times. FDUSD addresses these challenges by providing a seamless and cost-effective alternative, empowering users to engage in cross-border transactions with ease.
Programmable Features:
One of the distinguishing features of FDUSD is its programmability. This allows for the execution of financial contracts, escrow services, and insurance without the need for intermediaries. The programmable nature of FDUSD opens up possibilities for innovative financial applications, bringing a new level of flexibility and efficiency to the digital currency landscape.
Transparent Operations:
First Digital Labs operates with a commitment to transparency and security. FDUSD's reserve account undergoes regular audits by independent third parties, such as Prescient Assurance. These attestation reports are publicly shared every month, allowing users to verify the integrity of the reserves and reinforcing trust in the stability of FDUSD. For the latest reserve details, users can visit First Digital Labs' official website.
In conclusion, First Digital USD (FDUSD) stands as a pioneer in the realm of stablecoins, combining the stability of a 1:1 USD peg with the efficiency of blockchain technology. With a focus on transparency, security, and programmability, FDUSD is poised to redefine how users approach digital currencies, offering a reliable and stable alternative in an ever-changing financial landscape.
FDUSD prioritizes transparency by subjecting its reserve account to regular audits conducted by independent third parties like Prescient Assurance, with attestation reports publicly shared monthly on First Digital Labs' official website.
FDUSD stands out for its 1:1 USD peg, providing unparalleled stability and security, while its programmability, efficiency in transactions, and transparent operations make it a pioneer in the stablecoin space.
FDUSD is issued by First Digital Limited and operates under the brand name First Digital Labs, reflecting a commitment to stability and innovation in the digital currency landscape.
First Digital USD (FDUSD) is a 1:1 USD-backed stablecoin issued by a distinct entity, FD121 Limited in Hong Kong, operating under the brand name of First Digital Labs.
You can buy First Digital USD (FDUSD) on Binance cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like First Digital USD FDUSD. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of First Digital USD (FDUSD) is ($1,479,166,030), max supply of First Digital USD FDUSD is ($0) and the market cap of First Digital USD FDUSD is ($1,476,382,318).
What is the First Digital USD (FDUSD) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of First Digital USD (FDUSD) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether First Digital USD (FDUSD) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (First Digital USD FDUSD) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does First Digital USD (FDUSD) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether First Digital USD (FDUSD) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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