$FDUSD First Digital USD (FDUSD) is a 1:1 USD-backed stablecoin issued by Hong Kong-based FD121 Limited, operating under the First Digital Labs brand.
FDUSD offers users a reliable digital currency designed to reduce volatility in the cryptocurrency market, improve the efficiency of financial transactions by reducing transaction costs, and provide faster and more secure transactions. FDUSD is a programmable stablecoin that enables the execution of financial contracts, escrow services, and insurance without intermediaries.
FDUSD can always be exchanged for USD at a 1:1 rate. FDUSD reserves are held in segregated bank accounts that are monitored and verified by independent third parties, including Prescient Assurance.
FDUSD is available on Ethereum and BNB Chain, with support for more blockchains planned in the future.
I am publishing a 1 month chart, join the discussion in the comments.
Disclaimer, this is not financial advice.
