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 | $1.30B |
|---|---|
| 24H Trading Volume | $5.53B |
| 24H Low / High | $0.99 / $ 1.00 |
| Circulating Supply | 1.30 B |
| Total Supply | 1.30 B |
| Max Supply | 0.00 |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | First Digital Labs |
| Website | firstdigitallabs.com Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 5 more |
| Explorer | Arbiscan 9 more |
| Contracts | 0xc5f....16409 5 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, MEXCBitVenusHotcoin Global cryptocurrency exchanges.
