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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.
The live First Digital USD price today is $1.00 USD with a 24-hour trading volume of $7,186,302,119 USD. We update our FDUSD to USD price in real-time. First Digital USD is up 0.05% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $3,834,491,006 USD. It has a circulating supply of 3,831,988,546 FDUSD coins and the max. supply is not available.
If you would like to know where to buy First Digital USD at the current rate, the top cryptocurrency exchanges for trading in First Digital USD stock are currently Binance, Zedcex Exchange, 4E, UEEx, and BitVenus. You can find others listed on our crypto exchanges page.