Crypto:
29757
Bitcoin:
$67.012
% 0.53
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.012
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

What is First Digital USD (FDUSD) Coin?

FDUSD
FDUSD is an Asia-based stablecoin indexed to the United States Dollar (USD). Currently traded on Binance and Gate.io, it may be available on different exchanges in the future.
Issued by First Digital, FDUSD is a Hong Kong-based stablecoin pegged to the USD at a 1:1 ratio. This means that FDUSD aims to maintain a value equivalent to 1 USD at all times. It is specifically structured to comply with regulations in the Asian region, with principles based on aspects such as security standards, asset storage, avoiding conflicts of interest, and protection against hack attacks.
The company aims for full compliance with regulatory requirements and close collaboration with regional and international regulatory bodies to ensure availability in different regions. Additionally, they seek to actively participate in future regulations, considering them in their plans.
It is noted that FDUSD has the potential to bring more stability to the cryptocurrency market and serve as a tool for money transfers. Additionally, emphasis is placed on how the stablecoin provides a form of protection against the central bank policies of local currencies.
First Digital USD (FDUSD)
According to CoinMarketCap data, the current circulating supply of FDUSD is 1,838,136,728. There is no specific supply limit, indicating that the supply could increase over time.
FDUSD currently exists on blockchain networks such as Ethereum and BNB Chain but can only be traded on certain exchanges like Binance and Gate.io. It is expected to become available on different cryptocurrency exchanges in the future.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our TelegramYouTube and Twitter channels for the latest news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *