What is First Digital USD?

First Digital USD is issued by FD121 Limited, a subsidiary of First Digital Limited, a financial group based in Hong Kong.

The purpose of First Digital USD is to provide a stable digital currency option that helps mitigate the volatility often seen in the cryptocurrency market.

First Digital USD maintains its stability by being pegged to the US dollar at a 1:1 ratio, and each FDUSD is backed by one U.S. dollar or asset of equivalent value held in reserves with its appointed custodian, First Digital Trust Limited.

The potential use cases of First Digital USD include various applications in the financial and technological sectors, such as cross-border payments, due to its stability and digital nature.

Yes, First Digital USD is available on multiple mainstream blockchain networks, allowing for its use in various applications and use cases.

First Digital USD differentiates itself from competitors by being a reserve-backed stablecoin, which means that each FDUSD is backed by one U.S. dollar or asset of equivalent value held in reserves with its appointed custodian, First Digital Trust Limited.

The price of First Digital USD is $0.9995

The market capitalization of First Digital USD is $1785580172