First Digital USD

First Digital USD (FDUSD) is a stablecoin pegged to the US dollar, launched in 2023. It operates on the Ethereum blockchain and is issued by First Digital Labs. FDUSD aims to provide a digital asset with stable value, facilitating transactions and serving as a reliable store of value in the cryptocurrency ecosystem.

FDUSD is an ERC-20 token on Ethereum, meaning it uses Ethereum's smart contract infrastructure. It is designed to maintain a 1:1 peg with the US dollar through a reserve system, where each FDUSD is backed by corresponding fiat or equivalent assets. Transactions are processed on Ethereum, ensuring transparency and security.

FDUSD is used for trading, payments, and as a stable medium of exchange in the crypto market. It allows users to hold a dollar-pegged asset without leaving the blockchain, enabling quick transfers and integration with decentralized applications. It also serves as a hedge against volatility in other cryptocurrencies.

FDUSD is issued by First Digital Labs, a different entity from Tether or Circle. It operates on Ethereum, similar to USDC, but its issuance and reserve management are distinct. FDUSD aims to offer an alternative stablecoin with its own compliance and transparency practices, though specific details may vary.

First Digital USD is currently priced at $0.9975, up 0.03% in the last 24 hours. It is ranked #89 by market capitalization. Over the past 7 days, FDUSD is up 0.01%.

First Digital USD has a market capitalization of $350.86M. The 24-hour trading volume is $146.38M, reflecting the total value of FDUSD traded across all exchanges in the last day.

There are currently 351.75M FDUSD in circulation. The total supply is 351.75M FDUSD.