First Digital USD
ATH / ATL
24h Price
24h summary
Over the last 24 hours, First Digital USD moved from $0.9982 to $0.998. The session high was $0.9998, the low was $0.998, and the intraday range was $0.0018 / 0.2%.
- 24h open
- $0.9982
- 24h close
- $0.998
- 24h high
- $0.9998
- 24h low
- $0.998
- Volatility / range
- $0.0018 / 0.2%
- Updated
Monthly Returns heatmap
Heatmap summary
First Digital USD posted 16 positive months out of 37. The longest positive streak lasted 2 months, while the longest negative streak lasted 3 months.
- Strongest month
- Mar 2024 +0.5%
- Weakest month
- Apr 2024 -0.4%
- Longest positive streak
- 2 Sep 2023 — Oct 2023
- Longest negative streak
- 3 Jul 2024 — Sep 2024
- Luckiest calendar month
- Mar • avg 0.2% • 3 mo.
- Unluckiest calendar month
- Nov • avg -0.1% • 3 mo.
Networks
Supported exchanges
About the coin
First Digital USD (FDUSD) is a stablecoin designed to maintain a stable value relative to the U.S. dollar. Its primary objective is to provide a reliable digital asset for users seeking stability in the volatile cryptocurrency market.
FDUSD operates as a digital representation of fiat currency, aiming to keep its price pegged at approximately 1 U.S. dollar. This stability is intended to facilitate transactions, act as a store of value, and enable participation in decentralized finance (DeFi) applications without the price fluctuations typically associated with other cryptocurrencies.
The stablecoin is supported by reserves, which are held to back the circulating supply of FDUSD. This reserve mechanism is a key component in maintaining the stable value of the token.
FDUSD is available on multiple blockchain networks, allowing for flexibility and broader accessibility. These networks include:
- BNB Smart Chain (BEP-20 token standard)
- Ethereum (ERC-20 token standard)
- Solana (SPL token standard)
- Sui
- opBNB
Each integration on a different blockchain offers users varying transaction speeds, costs, and ecosystem functionalities. The specific token standard and contract address vary depending on the blockchain network.
For instance, on BNB Smart Chain and Ethereum, FDUSD follows the widely adopted BEP-20 and ERC-20 standards, respectively. On Solana, it utilizes the SPL token standard. Integrations on networks like Sui and opBNB further expand its reach within different blockchain environments.
The presence of FDUSD across these diverse blockchains signifies an effort to achieve widespread adoption and interoperability. Users can interact with FDUSD on the chain that best suits their needs, whether for faster transactions, lower fees, or access to specific dApps.
As a stablecoin, FDUSD plays a crucial role in the cryptocurrency ecosystem. It can be used for:
- Facilitating payments and remittances.
- Hedging against market volatility.
- Serving as collateral in DeFi protocols.
- Providing a stable medium of exchange within various applications.
The development and deployment of FDUSD are part of the ongoing innovation within the stablecoin sector, aiming to offer secure and stable digital assets for a global user base.
The active status of FDUSD indicates that it is currently operational and available for use within the supported blockchain networks. Users can find contract addresses for each chain to interact with the token securely.
The underlying technology and reserve management are critical aspects for users to consider when evaluating any stablecoin. For FDUSD, the commitment to maintaining its peg is supported by its reserve assets and its presence on various blockchain infrastructures.
The token's utility is enhanced by its availability on chains with different characteristics, catering to a wide range of user preferences and use cases in the rapidly evolving digital asset landscape.
Understanding the token standards and contract addresses is essential for secure and accurate transactions when interacting with FDUSD on any of the supported blockchains.
The stablecoin's design prioritizes stability, making it a potential tool for individuals and businesses looking for a dependable digital currency.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the FDUSDUSDT market feed.
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