FDUSD is a stablecoin backed by the U.S. dollar at a ratio of 1:1. By providing a stable digital currency backed by fiat currency, it can reduce volatility in the cryptocurrency market.
MoreThe stability of this fiat-backed stablecoin is maintained by a fixed ratio of 1:1 with the corresponding fiat currency, in this case, the U.S. dollar. This is strictly enforced by ensuring that the value of the held reserve assets matches or exceeds the total amount of outstanding stablecoins.
MoreDo you want to buy First Digital USD (FDUSD)? You can do this at Coinmerce. Select the amount you want to buy, pay fast and easily with SEPA and receive your tokens shortly.
MoreYou want to buy First Digital USD (FDUSD)? You can buy First Digital USD using bank transfer at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see First Digital USD, use the search function to search for First Digital USD and click on the name. You can indicate for what amount of euros you want to buy First Digital USD in the right window. Below is shown how much First Digital USD you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy First Digital USD when the price of First Digital USD reaches your entered value. You can also execute a repeating order. Do you want to buy First Digital USD with another crypto currency? Then you go to the cryptocurrency you’d like to pay with and click on "Swap" in the right window to indicate that you wFDUSD to receive First Digital USD.
First Digital USD (FDUSD) is a stable cryptocurrency issued by FD121 Limited, a subsidiary of First Digital Limited. FDUSD was introduced in June 2023 and is backed by one U.S. dollar. First Digital Trust Limited is required to securely hold all FDUSD reserves in separate accounts. This means that the FDUSD reserves are not commingled with other assets of the company. The reserves must also be held in cash or highly liquid assets, which the company claims ensures the 1:1 backing of FDUSD. This makes it more attractive for investors and traders to invest in stablecoins, who may otherwise be hesitant due to market volatility. Other benefits of using FDUSD include lower transaction costs and fast and accurate processing. FDUSD can further be used for various DeFi applications such as yielding, staking, and lending. As it can be programmed, financial contracts, escrow, and insurance are possible without intermediaries.