Cryptocurrency Q&A
What's the difference between USDT and FDUSD?
What's the difference between USDT and FDUSD?
Bianca
Tue Oct 15 2024
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7 answers
1341
I want to understand the distinction between USDT and FDUSD. I'm curious about their definitions, functions, and how they differ from each other in terms of their usage and characteristics in the cryptocurrency market.
7 answers
BusanBeautyBloom
Thu Oct 17 2024
USDT, the stablecoin issued by Tether Limited, holds a significant place in the cryptocurrency market. It is pegged to the US dollar, providing a stable and reliable alternative to the volatile nature of other digital assets.
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PulseEclipse
Thu Oct 17 2024
With a market capitalization of 118 billion, USDT has established itself as one of the largest and most widely used stablecoins. Its widespread acceptance and adoption make it a popular choice for traders and investors alike.
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Leonardo
Thu Oct 17 2024
In contrast, FDUSD is a stablecoin issued by First Digital Trust, which also aims to maintain a 1:1 ratio with the US dollar. However, its market capitalization stands at a mere $400 million, significantly smaller than that of USDT.
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KDramaLegendaryStar
Wed Oct 16 2024
The size of FDUSD's market capitalization highlights the dominance of USDT in the stablecoin market. With a 295 times smaller capitalization, FDUSD has yet to achieve the same level of popularity and acceptance as USDT.
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JejuSunrise
Wed Oct 16 2024
Nevertheless, FDUSD remains an option for those seeking a dollar-pegged stablecoin alternative. Its existence demonstrates the growing interest in and demand for stablecoins, which offer a stable value proposition amidst the fluctuations of the broader cryptocurrency market.
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