About First Digital USD
What is the project about? First Digital USD (FDUSD) aim to revolutionize the digital asset landscape. Our mission is to empower users with a transformative financial instrument that combines the stability of cash reserves with the seamless efficiency of advanced blockchain technology. By offering a fully collateralized digital asset, our stablecoin ensures the utmost security, transparency, and transaction reliability. This strategic fusion of traditional stability and cutting-edge innovation allows users to confidently navigate the digital economy, unlocking a world of possibilities while maintaining the utmost trust in their financial interactions. What makes your project unique? Transferable: FDUSD enables frictionless and streamlined transactions, rendering it a convenient choice for a wide range of applications and scenarios. Redeemable: FDUSD is backed by high-quality reserves- cash and cash equivalents, which enable holders the ability to redeem their FDUSD tokens for their equivalent value in US dollars. Users can trust that FDUSD is always 1:1 backed. Low Fees: One notable benefit of FDUSD is its ability to offer cost-effective transactions with minimal fees. Unlike traditional financial transactions, this cost-efficiency makes FDUSD an attractive and economical choice for users. Operates on Decentralized Networks. FDUSD operates on decentralized networks that are distributed across multiple nodes. In so doing, it enhances transparency, security, and resilience. Bankruptcy Remote FDUSD is designed to be bankruptcy remote, with the reserves held in segregated accounts on a registered trust company, separated from the issuer’s operational accounts. It ensures the stablecoin remains stable and secure. History of your project. Established in 2019, First Digital is Asia’s leading multi-faceted trust partner bridging the gap between the traditional and digital financial worlds.
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Market Stats
Market Cap
$1,510,899,427.17
-0.18%
FDV
Not enough data
Circulating Supply
1,513,057,855.82 FDUSD
Max Supply
Not enough data
Total Supply
1,513,057,855.82 FDUSD
Diluted Valuation
$1,509,594,360.00
Performance
Popularity
Not enough data
Dominance
0.05%
Volume (24H)
$2,259,117,988.73
-0.03%
Volume (7D)
$16,708,636,972.70
Volume (30D)
$65,027,890,304.82
All time high
$1.07
Overall Price Change (1Y)
-0%
Additional info about First Digital USD
Recent trends
The price of First Digital USD has decreased by 0.01% in the last hour and decreased by 0.11% in the past 24 hours. First Digital USD’s price has also fallen by 0.02% in the past week. The current price is $1.00 per FDUSD with a 24-hour trading volume of $2.26B. Currently, First Digital USD is valued at 6.44% 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 1,513,057,855.82 FDUSD which means that First Digital USD has as total market cap of $1,510,899,427.17.
Market details
FDUSD vs markets
↘ 21.41%
FDUSD vs BTC
↘ 31.82%
FDUSD vs ETH
↗ 80.8%
Tags
stablecoin
binance-smart-chain
usd-stablecoin
fiat-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409 | |
BNB Smart Chain | 0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409 | |
Sui | 0xf16e6b723f242ec745dfd7634ad072c42d5c1d9ac9d62a39c381303eaa57693a | |
Sui | 0xf16e6b723f242ec745dfd7634ad072c42d5c1d9ac9d62a39c381303eaa57693a::fdusd::FDUSD |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↘ 0.05% |
1 Day | $1.00 | ↘ 0.11% |
1 Week | $1.00 | ↘ 0.02% |
1 Month | $1.00 | ↘ 0.24% |
1 Year | $1.00 | ↘ 0.12% |
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 $1.51B. 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 $2.26B.
Assets that have a similar market cap to First Digital USD include Arbitrum, Sonic, Fantom, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of First Digital USD is 1.5 billion.
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First Digital USD news
Trending articles
Social stats
Popularity in posts
#1032
Contributors
21
Posts
28
% About First Digital USD
0.033%
Hold times
0 days
X (Twitter)
0.72% bullish
Sentiment
3.7 ★
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
21 unique individuals are talking about First Digital USD and it is ranked #1,032 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 74 out of 5. Finally, First Digital USD is becoming less newsworthy, with 0 news articles published about First Digital USD.
On Twitter, people are mostly neutral about First Digital USD. There were 0.72% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about First Digital USD. 99.28% of tweets were neutral about First Digital USD. These sentiments are based on 19 tweets.
On Reddit, First Digital USD was mentioned in 5 Reddit posts and there were 0 comments about First Digital USD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.