About First Digital USD
Market Stats
Market Cap
$2,039,332,997.47
FDV
No data
Circulating Supply
2,042,718,049.629 FDUSD
Max Supply
No data
Total Supply
2,042,718,049.629 FDUSD
Hold Time
No data
Performance
Popularity
No data
Dominance
0.08%
Volume (24H)
$5,646,707,844.52
-0.24%
All time high
$1.07
Additional info about First Digital USD
Networks and details
The price of First Digital USD has decreased by 0.17% in the last hour and decreased by 0.04% in the past 24 hours. First Digital USD’s price has also fallen by 0.16% in the past week. The current price is $1.00 per FDUSD with a 24-hour trading volume of $5.65B. Currently, First Digital USD is valued at 6.45% below its all time high of $1.07. This all-time high was the highest price paid for First Digital USD since its launch.
The current circulating supply of First Digital USD is 2,042,718,049.629 FDUSD which means that First Digital USD has as total market cap of $2,039,332,997.47.
Price history
Today | $1.00 | ↘ 0.04% |
1 Day | $1.00 | ↘ 0.04% |
1 Week | $1.00 | ↘ 0.16% |
1 Month | $1.00 | ↘ 0.13% |
1 Year | $1.00 | ↘ 0.24% |
Market details
Performance against other markets | ↘ 3.42% |
Performance against BTC | ↘ 10.85% |
Performance against ETH | ↗ 110.57% |
Performance in the past year | ↘ 0.24% |
FAQ
First Digital USD (FDUSD) is a stable digital currency that aims to maintain a 1:1 peg with the US dollar. This stablecoin is designed to provide a reliable alternative to traditional cryptocurrencies, which can experience significant price volatility. FDUSD is fully backed by cash or cash equivalent assets, with each token intended to be redeemable 1:1 for US dollars. The reserves that back FDUSD are held in fully segregated, bankruptcy-remote holding structures, which are intended to maintain its stability. FDUSD is operated by First Digital Labs, a financial technology company that is not a bank, and the custody services of the reserves are provided by First Digital Trust Limited.
FDUSD operates by striving to maintain a 1:1 peg with the US dollar, achieved by ensuring that the value of the reserve assets held matches or exceeds the total quantity of outstanding stablecoins. This meticulous maintenance of reserves serves as a guarantee for the issuer's commitment to redeem the stablecoin at its nominal value. FDUSD is fully programmable, which allows for the creation of financial contracts, escrow, and insurance without intermediaries. The stablecoin is available on Ethereum and BNB Chain, and it aims to support more blockchains.
FDUSD aims to improve the efficiency of financial transactions by reducing transaction costs and improving the speed and accuracy of these transactions. It can facilitate cross-border transactions and reduce the fees and processing times associated with traditional methods. The programmability of FDUSD allows for the creation of financial contracts, escrow, and insurance without intermediaries. It can be used by businesses and individuals alike, providing a stable and reliable digital currency solution. FDUSD can be accessed either directly from First Digital Labs by key industry players, financial intermediaries, or professional investors, or through secondary markets.
FDUSD is a product of First Digital Labs, a research and development division of First Digital that specializes in the innovation and advancement of digital currencies. The team at First Digital Labs combines expertise in traditional finance with deep insights into emerging technologies, positioning them as involved in the development of stablecoins. FDUSD was created with the mission to contribute to the global financial landscape by utilizing digital currencies. The stablecoin is backed by fully reserved assets, held in fully segregated bankruptcy-remote holding structures, intended to maintain its stability.
We update our First Digital USD to USD currency in real-time. Get the live price of First Digital USD on Coinbase.
The current market cap of First Digital USD is $2.04B. A high market cap implies that the asset is highly valued by the market.
The all-time high of First Digital USD is $1.07. This all-time high is highest price paid for First Digital USD since it was launched.
Over the last 24 hours, the trading volume of First Digital USD is $5.65B.
Assets that have a similar market cap to First Digital USD include vechain, Celestia, OFFICIAL TRUMP, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of First Digital USD is 2 billion.
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First Digital USD news
Trending articles
Social stats
Popularity in posts
#527
Contributors
227
Posts
607,635
% About First Digital USD
0.062%
Hold times
0 days
X (Twitter)
41.91% bullish
Sentiment
4.3 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
227 unique individuals are talking about First Digital USD and it is ranked #527 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, First Digital USD has an average sentiment score of 4.3 out of 5. Finally, First Digital USD is becoming more newsworthy, with 0 news articles published about First Digital USD. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about First Digital USD. There were 41.91% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about First Digital USD. 58.09% of tweets were neutral about First Digital USD. These sentiments are based on 378 tweets.
On Reddit, First Digital USD was mentioned in 1 Reddit posts and there were 3 comments about First Digital USD. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.