Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
First Digital USD priceFDUSD
Listed
BuyQuote currency:
USD
$0.9983-0.04%1D
First Digital USD price calculator
More cryptocurrencies calculator >FDUSD
USD
1 FDUSD = 0.9983 USD
Last updated 2024-11-26 08:25:28（UTC-0）
First Digital USD price live data summary
The live price of First Digital USD is $0.9983 per (FDUSD / USD) today with a current market cap of $2.10B USD. The 24-hour trading volume is $11.00B USD. FDUSD to USD price is updated in real time. First Digital USD is -0.04% in the last 24 hours. It has a circulating supply of 2,101,113,000 .
What is the highest price of FDUSD?
FDUSD has an all-time high (ATH) of $1.06, recorded on 2023-07-29.
What is the lowest price of FDUSD?
FDUSD has an all-time low (ATL) of $0.9120, recorded on 2023-07-31.
First Digital USD price prediction
What will the price of FDUSD be in 2025?
Based on FDUSD's historical price performance prediction model, the price of FDUSD is projected to reach $1.13 in 2025.
What will the price of FDUSD be in 2030?
In 2030, the FDUSD price is expected to change by -19.00%. By the end of 2030, the FDUSD price is projected to reach $2.01, with a cumulative ROI of +101.01%.
First Digital USD ratings
Average ratings from the community
4.6
This content is for informational purposes only.
About First Digital USD (FDUSD)
What Is First Digital USD?
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.
Resources
Official Documents:
https://firstdigitallabs.com/workspace/uploads/FDUSD-Whitepaper-25216064ca0cc8.pdf
Official Website:
https://firstdigitallabs.com/
How Does First Digital USD Work?
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.
What Are the Use Cases of First Digital USD?
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.
What Are the Risks of FDUSD?
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.
First Digital USD price performance in USD
24h7 days30 days90 days1 yearAll-time
-0.04%-0.03%-0.13%-0.15%-0.21%+0.09%
First Digital USD price history in USD
The price of First Digital USD is -0.21% over the last year. The highest price of FDUSD in USD in the last year was $1.01 and the lowest price of FDUSD in USD in the last year was $0.9854.
TimeLowHigh
24h$0.9958$1.0000
7d$0.9958$1
30d$0.9954$1
90d$0.9954$1
1y$0.9854$1.01
All-time$0.9120(2023-07-31, 1 years ago )$1.06(2023-07-29, 1 years ago )
First Digital USD market information
Market cap
$2,097,536,314.69
-0.04%
Fully diluted market cap
$2,097,536,314.69
-0.04%
Volume (24h)
$10,995,550,396.36
+30.36%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
5.2421
Circulating supply
2,101,113,000 FDUSD
Total supply / Max supply
2.1B FDUSD
-- FDUSD
FDUSD to local currency
Crypto calculator1 FDUSD to MXN$20.561 FDUSD to GTQQ7.711 FDUSD to CLP$974.541 FDUSD to UGXSh3,699.681 FDUSD to HNLL25.181 FDUSD to ZARR18.11 FDUSD to TNDد.ت3.171 FDUSD to IQDع.د1,308.271 FDUSD to TWDNT$32.441 FDUSD to RSDдин.111.511 FDUSD to DOP$60.31 FDUSD to MYRRM4.461 FDUSD to GEL₾2.731 FDUSD to UYU$42.551 FDUSD to MADد.م.10.021 FDUSD to AZN₼1.71 FDUSD to OMRر.ع.0.381 FDUSD to SEKkr111 FDUSD to KESSh129.281 FDUSD to UAH₴41.44
- 1
- 2
- 3
- 4
- 5
Last updated 2024-11-26 08:25:28（UTC+0）
How to buy First Digital USD(FDUSD)
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy First Digital USD (FDUSD)
Use a variety of payment options to buy First Digital USD on Bitget. We'll show you how.
Learn MoreJoin FDUSD copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or FDUSD tokens, you can also start copy trading by following elite traders.
First Digital USD news
See more
Sui Partners with Franklin Templeton to Boost Blockchain Innovation and DeFi Growth
Cryptodnes•2024-11-22 21:33
Sui network back online after 2-hour outage
Coinjournal•2024-11-21 23:00
FDUSD stablecoin launches on Sui blockchain with $1.5B TVL
Grafa•2024-11-21 10:37
New listings on Bitget
New listings
Buy more
FAQ
What is the current price of First Digital USD?
The live price of First Digital USD is $1 per (FDUSD/USD) with a current market cap of $2,097,536,314.69 USD. First Digital USD's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. First Digital USD's current price in real-time and its historical data is available on Bitget.
What is the 24 hour trading volume of First Digital USD?
Over the last 24 hours, the trading volume of First Digital USD is $11.00B.
What is the all-time high of First Digital USD?
The all-time high of First Digital USD is $1.06. This all-time high is highest price for First Digital USD since it was launched.
Can I buy First Digital USD on Bitget?
Yes, First Digital USD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy First Digital USD guide.
Can I get a steady income from investing in First Digital USD?
Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.
Where can I buy First Digital USD with the lowest fee?
Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.
Where can I buy First Digital USD (FDUSD)?
Video section — quick verification, quick trading
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Cryptocurrency investments, including buying First Digital USD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy First Digital USD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your First Digital USD purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
Trade
Earn
FDUSD is available for trading on the Bitget Exchange, and can be held in custody on Bitget wallet. Bitget Exchange is also one of the first CEX platforms to support FDUSD trades.
You can trade FDUSD on Bitget.FDUSD/USDT
SpotContracts：
More
BNB Smart Chain (BEP20)
0xc5f0...5E16409
Links：
Related assets
People also view
People who viewed FDUSD also show interest in the following cryptocurrencies.
Trending assets
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours
Popular cryptocurrencies
A selection of the top 12 cryptocurrencies by market cap.
Recently added
The most recently added cryptocurrencies.
.png)
Comparable market cap
Among all Bitget assets, these 12 are the closest to First Digital USD in market cap.
First Digital USD Social Data
In the last 24 hours, the social media sentiment score for First Digital USD was 3, and the social media sentiment towards First Digital USD price trend was Bullish. The overall First Digital USD social media score was 0, which ranks 613 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with First Digital USD being mentioned with a frequency ratio of 0%, ranking 690 among all cryptocurrencies.
In the last 24 hours, there were a total of 198 unique users discussing First Digital USD, with a total of First Digital USD mentions of 31. However, compared to the previous 24-hour period, the number of unique users increase by 2%, and the total number of mentions has increase by 72%.
On Twitter, there were a total of 0 tweets mentioning First Digital USD in the last 24 hours. Among them, 0% are bullish on First Digital USD, 0% are bearish on First Digital USD, and 100% are neutral on First Digital USD.
On Reddit, there were 0 posts mentioning First Digital USD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
All social overview
3