| General information | |
|---|---|
| Global rank: | 33 |
| Name: |
First Digital USD |
| Symbol: | FDUSD |
| Current coin price (BSD): | 0.998 $ |
| Last hour: | arrow_downward-0.070 % |
| Last 24 hours: | arrow_downward-0.060 % |
| Last 7 days: | -0.250 %trending_down |
| Capitalisation (BSD): | 2 812 894 157.58 $ |
| Volume 24h (BSD): | 5 202 382 292.15 $ |
| Available supply: | 2 817 942 314.00 FDUSD |
| Total coin supply: | -1 FDUSD |
| Start date: | 2023-05-26 |
First Digital USD/Bahamian Dollar (FDUSD/BSD) price chart
First Digital USD/Bahamian Dollar (FDUSD/BSD) capitalisation and volume charts
First Digital USD (FDUSD) is a stablecoin that is backed 1:1 by the US dollar. This means that for every FDUSD token in circulation, there is an equivalent amount of US dollars held in reserve. The primary objective of FDUSD is to provide users with a reliable digital currency that mitigates volatility in the cryptocurrency market.
The token is issued by FD121 Limited, a distinct entity operating under the brand name of First Digital Labs, located in Hong Kong.
The FDUSD token serves multiple purposes. It provides users with a stable digital currency that can help reduce the volatility associated with traditional cryptocurrency price fluctuations. This makes it more appealing to investors and merchants who are wary of the volatility associated with traditional cryptocurrencies.
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. It can also facilitate cross-border transactions and reduce the fees and processing times associated with traditional methods.
Furthermore, FDUSD can be programmed, allowing for financial contracts, escrow, and insurance without intermediaries.
First Digital USD (FDUSD) is issued by FD121 Limited, a distinct entity operating under the brand name of First Digital Labs, located in Hong Kong.