Cryptocurrency Q&A
What is FDUSD stablecoin?
What is FDUSD stablecoin?
TaegeukChampionCourageousHeart
Mon Oct 28 2024
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5 answers
1223
FDUSD is a stablecoin pegged to the US dollar at a 1:1 ratio, issued by First Digital Labs and backed by First Digital Trust Limited. It aims to reduce crypto market volatility, enhance transaction efficiency, and provide a secure and stable digital asset option for investors and businesses. With its programmable features, FDUSD also facilitates financial contracts, custody services, and insurance arrangements without the need for intermediaries.
5 answers
Federica
Tue Oct 29 2024
This unique feature allows individuals to engage in blockchain transactions with confidence, knowing that their asset's value is not subject to sudden changes.
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Claudio
Tue Oct 29 2024
First Digital USD, also known as FDUSD, represents a significant innovation in the cryptocurrency market.
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Alessandro
Tue Oct 29 2024
Among the top cryptocurrency exchanges, BTCC offers a comprehensive range of services including spot, futures, and wallet solutions. Its platform supports FDUSD, enabling users to trade and manage their stablecoins seamlessly.
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Riccardo
Tue Oct 29 2024
It is a fiat-collateralized stablecoin, designed to offer users the benefits of blockchain transactions while reducing the risk associated with price volatility.
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Riccardo
Tue Oct 29 2024
The FDUSD stablecoin is fully backed by one US Dollar or an asset of equivalent fair value, ensuring its stability and trustworthiness.
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