Navigation： Home Page>> Digital Currency >> First Digital USD

First Digital USD first-digital-usd

$ 1.00

≈ 0.05 % $ -17.2148

go to trade

$ 1.00

≈ 0.05 % $ -17.2148

NO.63 Circulating Market Value $20.47 Hundred Million

Circulating Market Value($)

2,047,357,410.88

0.00 %

Share in Global Total Market Value

Share in Global Total Market Value = (Currency's Circulating Market Value / Total Market Value of All Currencies) * 100%

Volume in Circulation (BTC)

2042929850.84

0.00 %

Flow Rate

Flow Rate = (Total Circulation / Maximum Supply) * 100%

24h Turnover($)

6,596,571,021.41

3.22 %

Turnover Rate

Turnover Rate, also known as "turnover rate", refers to the frequency of resale in the market within a certain period, reflecting the strength of liquidity. The formula for calculating 24H turnover rate is: 24H turnover / Circulating Market Value * 100%

24H Max $1.00

24H Volume $65.82 Hundred Million

24H Min $1.00

24h Amount $65.97 Hundred Million

7D Max $1.00

All-time High $1.06

7D Min $0.99

All-time Low $0.91

Initial Price $1.00

Return on Investment 0

issue date 2023-07-26

First Digital USD Market First Digital USD summary First Digital USD information First Digital USD express

day week month year 2023 all

date comparison	today	30 days	90 days
change in amount	$0.00	$0.00	$0.00
price limit	0.05 %	0.41 %	0.39 %

First Digital USDsummary of real-time price data

First Digital USDThe real-time price is $1.00（BTC/USD），the current market value is $20.47 Hundred Million。the 24-hour trading volume is 65.82 Hundred Million。 BTC to USD prices updated in real time。First Digital USD the change in the last 24 hours is 0.05 %。its circulating supply is 2042929850.84。

what is the maximum price for First Digital USD

First Digital USDthe highest price in history (ATH) is $1.06 ，recorded in 2023-07-29。

what is the minimum price for First Digital USD

First Digital USDthe lowest price in history (ATL) is $0.91 ，recorded in 2023-07-31。

related discussion

Trading Platform	Latest Price(＄)	24H Volume	24h Turnover(＄)	Update Time
Binance BTC/FDUSD	9.82 Ten Thousand	2.23 Ten Thousand	21.96 Hundred Million	13Minutes Ago
Binance ETH/FDUSD	3,474.84	32.63 Ten Thousand	11.34 Hundred Million	13Minutes Ago
Binance FDUSD/USDT	1.00	10.74 Hundred Million	10.77 Hundred Million	13Minutes Ago
Binance SOL/FDUSD	196.80	283.12 Ten Thousand	5.57 Hundred Million	13Minutes Ago
Binance DOGE/FDUSD	0.34	7.06 Hundred Million	2.37 Hundred Million	13Minutes Ago
Binance BNB/FDUSD	696.56	15.82 Ten Thousand	1.10 Hundred Million	13Minutes Ago
Binance XRP/FDUSD	2.31	3,877.03 Ten Thousand	8,937.32 Ten Thousand	13Minutes Ago
Binance FDUSD/USDC	1.00	5,307.02 Ten Thousand	5,318.70 Ten Thousand	13Minutes Ago
Binance PEPE/FDUSD	0.00	9,095.69 Hundred Million	1,748.19 Ten Thousand	13Minutes Ago
Binance LINK/FDUSD	25.04	45.63 Ten Thousand	1,142.51 Ten Thousand	13Minutes Ago
Binance ADA/FDUSD	0.93	797.85 Ten Thousand	742.88 Ten Thousand	13Minutes Ago
Binance FDUSD/TRY	35.33	649.81 Ten Thousand	2.30 Hundred Million	13Minutes Ago
Binance SUI/FDUSD	4.60	116.93 Ten Thousand	537.65 Ten Thousand	13Minutes Ago
Binance USUAL/FDUSD	1.27	356.01 Ten Thousand	453.66 Ten Thousand	13Minutes Ago
Binance AVAX/FDUSD	40.89	11.08 Ten Thousand	453.25 Ten Thousand	13Minutes Ago
Binance FTM/FDUSD	1.02	276.69 Ten Thousand	281.12 Ten Thousand	13Minutes Ago
Binance PENGU/FDUSD	0.04	6,595.20 Ten Thousand	245.01 Ten Thousand	13Minutes Ago
Binance HBAR/FDUSD	0.32	674.94 Ten Thousand	216.23 Ten Thousand	13Minutes Ago
Binance SHIB/FDUSD	0.00	911.69 Hundred Million	215.89 Ten Thousand	13Minutes Ago
Binance WLD/FDUSD	2.34	79.36 Ten Thousand	185.94 Ten Thousand	13Minutes Ago

First Digital USD (FDUSD) is a 1:1 USD-backed stablecoin launched in June 2023. It is issued by FD121 Limited, a subsidiary of the Hong Kong-based financial firm First Digital Limited. FDUSD is designed to provide stability and trust within the volatile cryptocurrency market. Each FDUSD is backed by one U.S. dollar or an equivalent asset held in reserve, ensuring a stable value that mitigates the risks associated with price fluctuations common in other cryptocurrencies.

The introduction of First Digital USD aims to bridge the gap between traditional financial systems and the digital currency ecosystem. By leveraging the transparency and efficiency of blockchain technology, FDUSD offers users a reliable digital currency for everyday transactions, remittances, and participation in decentralized finance (DeFi) applications. The stablecoin is initially available on Ethereum and BNB Chain, with plans to expand to other blockchain networks in the future.

Official Documents: https://firstdigitallabs.com/workspace/uploads/FDUSD-Whitepaper-25216064ca0cc8.pdf

Official Website: https://firstdigitallabs.com/

First Digital USD operates on the Ethereum and BNB Chain networks, adhering to the ERC-20 and BEP-20 token standards. This ensures compatibility with a wide range of decentralized applications and cryptocurrency exchanges. The stablecoin's reserves are held in segregated accounts by First Digital Trust Limited, a registered trust company in Hong Kong. This structure ensures that FDUSD reserves are not commingled with other assets, maintaining the integrity and security of the 1:1 backing.

Transparency is a key feature of FDUSD. The issuer provides an "attestation of reserve" report, audited by independent auditors, to demonstrate that the circulating supply of FDUSD is fully supported by an equivalent value in cash or cash equivalents. This rigorous auditing process helps build trust and confidence among users, ensuring that FDUSD can be redeemed at any time for its equivalent value in U.S. dollars.

FDUSD's programmability allows for integration with smart contracts, enabling automated and efficient transactions within the blockchain ecosystem. Users can utilize FDUSD for various DeFi activities such as yield farming, lending, and staking. The stablecoin's fast transaction speeds and low fees make it an attractive option for cross-border payments and everyday financial transactions, providing a seamless and cost-effective alternative to traditional banking methods.

1. Remittances

FDUSD offers a fast, cost-efficient solution for cross-border transactions. Traditional remittance services can be slow and expensive, often involving high fees and lengthy processing times. With FDUSD, users can transfer funds internationally at a fraction of the cost and in significantly less time. The stability of FDUSD ensures that the value transferred remains consistent, making it an attractive option for remittance services.

2. Payment Solutions

FDUSD can be used by businesses and individuals for processing payments with lower fees and faster transaction times compared to traditional payment methods. This is particularly valuable for international transactions, which often incur additional currency conversion and cross-border transfer fees. By accepting FDUSD, merchants can reduce transaction costs and improve the efficiency of their payment systems.

3. Hedging Against Price Volatility

In the volatile cryptocurrency market, FDUSD serves as a reliable hedge. Investors can convert other cryptocurrencies into FDUSD to lock in gains or protect their investments from extreme market swings. This ability to quickly and easily move assets into a stable, USD-backed token provides a secure way to manage market volatility.

4. Decentralized Finance (DeFi) Applications

FDUSD can be used throughout various DeFi platforms for activities such as yield farming, lending, borrowing, and staking. As a stable and widely accepted stablecoin, FDUSD enables users to participate in DeFi protocols with reduced risk of price volatility, ensuring more predictable returns on their investments.

5. Stable Store of Value

For individuals and businesses looking for a stable store of value, FDUSD provides a reliable alternative to other cryptocurrencies that can experience significant price fluctuations. Holding FDUSD allows users to maintain their assets in a digital form without exposure to the volatility of other digital assets.

6. Programmable Money

FDUSD's programmability allows it to be integrated into smart contracts, enabling automated and efficient transactions within the blockchain ecosystem. This can be particularly useful for creating automated payment systems, escrow services, and other financial agreements that benefit from the transparency and security of blockchain technology.

1. Depegging Risks

FDUSD's value is pegged to the U.S. dollar at a 1:1 ratio, meaning each FDUSD token should always be worth one U.S. dollar. However, this pegging mechanism relies on the reserves backing FDUSD being sufficient to meet all redemption demands. If the reserves are insufficient or illiquid, FDUSD could depeg from the U.S. dollar, causing its value to fluctuate.

2. Operational Risks

FDUSD is subject to operational risks, including fraud and cyber risks. As with any digital asset, the risk of hacking, technical failures, and fraud exists. These risks can affect exchanges, custody services, and other third-party services that FDUSD relies on. A significant operational failure could impact the stability and usability of FDUSD.

3. Regulatory Risks

The regulatory environment for stablecoins is rapidly evolving and can vary significantly between jurisdictions. Changes in regulations could impact the operation of FDUSD, including its issuance, trading, and use. Regulatory actions against stablecoin issuers or related entities could also affect the stability and value of FDUSD.

4. Counterparty Risks

FDUSD involves third-party financial intermediaries, such as exchanges, market makers, and banks. These intermediaries introduce counterparty risks, where the failure or financial instability of one party could impact FDUSD's operations. For example, delays in redemptions or additional costs could arise from these dependencies.

5. Market Risks

The stablecoin market is highly competitive, with numerous alternatives available. New entrants and changes in market preferences could affect the demand and liquidity for FDUSD. Additionally, macroeconomic factors and changes in market sentiment towards stablecoins could impact FDUSD's acceptance and stability.

6. Technology Risks

FDUSD operates on blockchain networks (Ethereum and BNB Chain), which come with their own set of technological risks. These include potential vulnerabilities in the blockchain's consensus mechanisms, smart contract bugs, and network congestion. Any significant technological issue could affect FDUSD's performance and reliability.

7. Custody Risks

The reserves backing FDUSD are held by First Digital Trust Limited in segregated accounts. While this structure enhances security, there are still risks associated with the custody of assets. Any mismanagement or failure of the custodian could impact the backing of FDUSD.

Popular Exchange

Popular Platform 24h Amount(＄)
Binance 1,527.57 Hundred Million
Bybit 576.23 Hundred Million
Coinbase Exchange 71.57 Hundred Million
OKX 519.71 Hundred Million
Upbit 77.13 Hundred Million
Kraken 43.20 Hundred Million
Bitget 494.79 Hundred Million
Raydium 11.50 Hundred Million
Bitfinex 6.09 Hundred Million
Uniswap v2 3.72 Hundred Million