First Digital USD (FDUSD)
- Official Website: firstdigitalusd.com
- Definition: First Digital USD is a stablecoin pegged to the US dollar, designed for fast and secure transactions.
- Category: Stablecoin, Token.
- What It Is: A cryptocurrency that maintains a 1:1 value ratio with the US dollar.
- Function: Used for trading, remittances, and as a stable store of value.
- Analogy: Think of FDUSD as a digital dollar bill. It’s stable and always worth $1.
- Pros: Price stability, fast transactions, transparent.
- Cons: Centralization concerns, competition from other stablecoins.
- Controversies: Regulatory risks, reliance on fiat reserves.
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This page was last updated on January 28, 2025.
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