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Stablecoin
FDUSD Price
Contracts/Explorers:
Ethereum
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FDUSD provides users with a stable digital currency that is backed by fiat currency
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. FDUSD can also facilitate cross-border transactions and reduce the fees and processing times associated with traditional methods.
The stability of a fiat-backed stablecoin is preserved through the maintenance of a 1:1 peg with the corresponding fiat currency. This is achieved by meticulously ensuring that the value of the reserve assets held matches or exceeds the total quantity of outstanding stablecoins. In essence, the reserves serve as a guarantee for the issuer's commitment to redeem the stablecoin at its nominal value. It is important to note that FDUSD operates under rigorous custodial arrangements.
First Digital USD's current price is $ 0.999, it has dropped -0.09% over the past 24 hours.
First Digital USD's All Time High (ATH) of $ 1.01 was reached on 1 Aug 2023, and is currently -1.41% down.
The current circulating supply of First Digital USD is 4.26 Billions tokens, and the maximum supply of First Digital USD is 4.26 Billions.
First Digital USD’s 24 hour trading volume is $ 7.70 Billions.
First Digital USD's current share of the entire cryptocurrency market is 0.18%, with a market capitalization of $ 4.25 Billions.
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