First Digital USD Price (FDUSD)

First Digital USD (FDUSD) Token Price Now

First Digital USD price today is $0.998 with a 24-hour trading volume of $5,160,429,876. FDUSD price is down -0.01% in the last 24 hours. It has a circulating supply of 1.73Bil FDUSD tokens and a total supply of 1.73Bil.
In order to search for real-time and historical information about First Digital USD (FDUSD) blockchain, including data related to blocks, transactions, addresses, and more, you may use First Digital USD (FDUSD) block explorers. Here are some of the most popular and useful First Digital USD (FDUSD) blockchain explorers out there:

• etherscan.io
• bscscan.com
• opbnbscan.com

What Is First Digital USD(FDUSD)?

FDUSD provides users with a stable digital currency that is backed by fiat currency (i.e.the U.S. dollar), which can help reduce the volatility in the cryptocurrency market. Thismakes it more appealing to investors and merchants, who are wary of the volatilityassociated with traditional cryptocurrency price fluctuations.
FDUSD can be deployed in use cases that improve the efficiency of financial transactionsby reducing transaction costs and improving the speed and accuracy of thesetransactions in a secure manner. FDUSD can also be deployed in use cases that facilitatecross-border transactions and reduce the fees and processing times associated withtraditional methods.

The Founders of First Digital USD(FDUSD)?

First Digital USD(FDUSD) is issued by FD121 Limited. FD121 Limited ("FD121") was established for the sole purpose of issuing stablecoins. It is a subsidiary of First Digital Group Limited ("FDG").

Established in 2019, First Digital is Asia's leading multi-faceted trust partner bridgingthe gap between the traditional and digital financial worlds. With over three decades ofexperience, First Digital provides expertise and innovative solutions through acomprehensive and personalized suite of trustee services to help future-proof theirpartners. This includes structuring, custody, payroll, escrow, and administrationservices. First Digital was recently named one of the leading Emerging Giants of HongKong in KPMG and HSBC's Emerging Giants in Asia Pacific' Report 2022.

What Are the Advantages of First Digital USD(FDUSD)?

• Transferable. As a fungible form of digital currency, FDUSD enables frictionless and streamlinedtransactions, rendering it a convenient choice for a wide range of applications andscenarios.
• Redeemable. FDUSD is backed by high-quality reserves- cash and cash equivalents, which enableholders the ability to redeem their FDUSD tokens for their equivalent value in US dollars. This feature provides safety to the stablecoin reserves, and users can trust that FDUSDis intended to always be 1:1 backed.
• Programmable. FDUSD is programmable, allowing for the creation of smart contracts, escrow servicesand insurance arrangements without intermediaries. This programmability empowersusers with greater control over their financial transactions while reducing transactioncosts and increasing transaction speed and accuracy.
• Low Fees. One notable benefit of FDUSD as a cryptocurrency on the blockchain is its ability to offercost-effective transactions with minimal fees. Unlike traditional financial transactions which often incur high fees, blockchain-based transactions generally involve lower costs.This cost-efficiency makes FDUSD an attractive and economical choice for users.
• Operates on Decentralized Networks. As a stablecoin built on blockchain technology, FDUSD operates on decentralizednetworks that are distributed across multiple nodes. In so doing, it enhances transparency, security, and resilience, as no single entity has complete control over thenetwork.
• Isolated from Custodian's Bankruptcy. The fiat reserves of FDUSD are held in reserves with the appointed custodian, FirstDigital Trust Limited, in an account segregated from the custodian's operational accountThis means that even in the unlikely event of the custodian's bankruptcy, the reservesbacking FDUSD (to the extent they are held with or under the name of the custodian) arekept separate from the custodian's other assets and protected, ensuring that thestablecoin remains stable and secure.

How Does First Digital USD(FDUSD) Work?

Each FDUSD issued into circulation is intended to be backed in a one--to--one ratio withthe equivalent amount of corresponding fiat currency held in reserves with theappointed custodian, First Digital Trust Limited.
Smart Contract audit: FDUSD smart contracts implement the ERC20 Token Standardand are audited by PeckShield.
FDUSD will be issued on the Ethereum and BNB Chain networks, which follow the ERC20and BEP20 standards, respectively. These decentralized blockchains provide consensusconfirmation of transactions using a Proof of Stake (PoS) or Proof of Staked Authority(POSA) consensus, providing immutability of records and public transparency to marketparticipants. Both Ethereum and BNB Chain provide the ecosystem of users with theability to incorporate FDUSD into smart contracts, benefitting users with faster, trustless, stable, and frictionless settlements. In time, FDUSD will be considered to be issued onother blockchains to bring the benefits of the token to a broader audience of developersand end users. The addition of subsequent blockchains will be subiect to criteriacovering technical diligence, the extent of market adoption of the blockchain, and riskreview.  

First Digital USD (FDUSD) Community

• Twitter: https://twitter.com/FDLabsHQ

What is First Digital USD (FDUSD) Contracts address?

• Ethereum: 0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409
• BNB Chain(BEP20): 0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409
• opBNB: 0x50c5725949a6f0c72e6c4a641f24049a917db0cb