#Binance250Million $ETH

First Digital USD (FDUSD) is a stablecoin introduced in June 2023 by FD121 Limited, a subsidiary of Hong Kong-based First Digital Limited. Designed to maintain a 1:1 peg with the U.S. dollar, FDUSD is fully backed by cash and cash equivalents held in segregated accounts by First Digital Trust Limited, ensuring transparency and stability. Operating on Ethereum and BNB Chain, with plans for expansion to other blockchains, FDUSD facilitates efficient cross-border transactions, payment solutions, and participation in decentralized finance (DeFi) applications. Its transparent reserve management and independent audits have contributed to its rapid adoption, positioning FDUSD among the top stablecoins by market capitalization.