It seems you're referencing the price of $FDUSD (likely Frax USD), a stablecoin backed by the Frax protocol, which is designed to maintain a 1:1 peg to the US dollar. The price you mentioned, $1.0034, indicates that it is slightly above its intended peg, which is typical for stablecoins due to small fluctuations in supply and demand.
Frax USD is part of the Frax Finance ecosystem, which aims to provide decentralized and algorithmic stablecoins with a more flexible approach compared to fully collateralized ones like USDC or USDT.
If you're asking for more details or specific updates regarding FUSD or its current use in , feel free to ask!
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