Backed 1:1 by the US dollar and issued by FD121 Limited, FDUSD aims to redefine stability in the crypto market. Operating under the First Digital Labs brand from Hong Kong, this stablecoin is designed to shield users from crypto volatility while streamlining financial transactions. But is it more than just another stablecoin?

FDUSD’s unique edge lies in its programmable framework, empowering it to handle financial contracts, escrow services, and even insurance without intermediaries. Imagine transactions that are not only faster and cheaper but also secure and flexible, driven by FDUSD’s innovative programmability.

With every FDUSD redeemable for a US dollar and its reserves monitored by independent third-party auditors like Prescient Assurance, this stablecoin promises transparency and security. Could this be the next game-changer for digital transactions?

Maximum Token Supply

FDUSD has a circulating supply of 2.69B coins.

Price today

The current live price of First Digital USD stands at $0.999437 (FDUSD/USD), reflecting a market cap of $2.69 billion USD. Over the past 24 hours, It has seen a trading volume of $4.27 billion USD, with real-time price updates. The price has risen by +0.07% in the last 24 hours.

Price History

It has experienced slight fluctuations over recent months. Today, it’s up by $0.000735, marking a +0.07% increase. Over the last 30 days, however, It dipped by $0.00153, or -0.15%. Extending to 60 days, it saw a decrease of $0.001662, representing a -0.17% drop. In the past 90 days, the decline was more modest, with a reduction of $0.000349, equating to a -0.03% change

Price Information

In the past 24 hours, It traded within a low of $0.9977 and a high of $1.000868. The stablecoin’s all-time high reached $1.059593. Currently, It shows a price increase of +0.09% over the last hour, +0.07% in the past 24 hours, and +0.12% over the last 7 days.

Market Information

FDUSD ranks as the #35 most popular cryptocurrency, with a market cap of $2.69 billion. Its 24-hour trading volume stands at $4.27 billion, supported by a circulating supply of 2.69 billion FDUSD. While the total maximum supply is currently unspecified, the fully diluted market cap aligns with its market cap at $2.69 billion.

Daily and Weekly Price Forecast: Today, Tomorrow, and the Next 30 Days

Based on current price predictions, First Digital USD is expected to see a modest increase in value. Today’s price stands at approximately $0.999134, with a projected rise of about 5%, which could push the price to $0.999268 by tomorrow.

Here’s a snapshot of the upcoming forecast:

Today (Oct 28, 2024): $0.999134

Tomorrow (Oct 29, 2024): $0.999268

Next Week (Nov 4, 2024): $1.00007

Next 30 Days (Nov 27, 2024): $1.003149

It appears to be on a stable upward trend, with minor gains anticipated over the coming weeks.

Yearly Price Prediction 2024-2030

It is projected to experience gradual growth over the next several years. Starting from its current stable position, the value may increase by approximately +5% annually, reaching $1.338936 by 2030. Here’s a closer look at the forecasted yearly progression:

2024: $0.999134

2025: $1.049091

2026: $1.101546

2027: $1.156623

2030: $1.338936

This steady rise reflects a stable, upward trend for FDUSD, suggesting potential value growth for investors over the long term.

Is FDUSD the Stablecoin Revolution We’ve Been Waiting For?

As FDUSD gains traction, it brings a refreshing approach to stability, transparency, and programmability in digital transactions. Its robust 1:1 USD backing, transparent auditing practices, and versatile applications in finance signal promising potential for redefining the stablecoin market. While FDUSD’s journey is still unfolding, its innovative features suggest it could indeed be a game-changer in a rapidly evolving digital financial landscape. The question remains: will FDUSD be the stablecoin to lead the next wave of financial innovation? Only time will tell.

FAQ’s

Is FDUSD safe to hold?

It is designed with transparency and stability in mind, supported by regular audits and backed by USD reserves, aiming to provide a secure and reliable asset for users.

What makes FDUSD different from other stablecoins?

Its programmability sets it apart, enabling automated financial contracts, escrow services, and insurance transactions without intermediaries, adding flexibility and efficiency to its use in financial operations.

How can I redeem FDUSD for USD?

It can be redeemed at a 1:1 ratio with USD, ensuring users can exchange their holdings for dollars anytime, subject to the terms set by the issuing entity.

Where can I trade FDUSD?

It is listed on several major exchanges and can be traded like other stablecoins. Check specific exchanges for listing details and trading pairs.

Is FDUSD subject to audits?

Yes, It is audited by third-party firms, ensuring its reserves are securely maintained and meet the necessary standards for transparency and security.

What is the price stability of FDUSD like?

It aims to maintain a near $1.00 value to ensure price stability, though slight variations may occur due to market conditions.

How is FDUSD used in financial applications?

Thanks to its programmability, it supports smart contracts, making it useful for automated payments, escrow, insurance, and other financial services without the need for intermediaries.

Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly speculative and come with significant risks. Prices and predictions are based on current data and historical trends, and actual market conditions can vary. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses or damages resulting from the use of this information.`