Ecosystems

Top Ecosystem token by Market Cap

What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as bitcoin, ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.

Stablecoins

Stablecoins by Market Capitalization

What is the project about? 
First Digital USD (FDUSD) aim to revolutionize the digital asset landscape. Our mission is to empower users with a transformative financial instrument that combines the stability of cash reserves with the seamless efficiency of advanced blockchain technology. By offering a fully collateralized digital asset, our stablecoin ensures the utmost security, transparency, and transaction reliability. This strategic fusion of traditional stability and cutting-edge innovation allows users to confidently navigate the digital economy, unlocking a world of possibilities while maintaining the utmost trust in their financial interactions.

What makes your project unique?
Transferable: FDUSD enables frictionless and streamlined transactions, rendering it a convenient choice for a wide range of applications and scenarios.

Redeemable: FDUSD is backed by high-quality reserves- cash and cash equivalents, which enable holders the ability to redeem their FDUSD tokens for their equivalent value in US dollars. Users can trust that FDUSD is always 1:1 backed. 

Low Fees: One notable benefit of FDUSD is its ability to offer cost-effective transactions with minimal fees. Unlike traditional financial transactions, this cost-efficiency makes FDUSD an attractive and economical choice for users.

Operates on Decentralized Networks. 
FDUSD operates on decentralized networks that are distributed across multiple nodes. In so doing, it enhances transparency, security, and resilience. 

Bankruptcy Remote 
FDUSD is designed to be bankruptcy remote, with the reserves held in segregated accounts on a registered trust company, separated from the issuer’s operational accounts. It ensures the stablecoin remains stable and secure.

History of your project.
Established in 2019, First Digital is Asia’s leading multi-faceted trust partner bridging the gap between the traditional and digital financial worlds.

