FDUSD Cryptocurrency Introduction
FDUSD (First Digital USD) is a stablecoin backed 1:1 by the US dollar, launched in June 2023, issued by FD121 Limited, a subsidiary of Hong Kong financial company First Digital Limited.
Main Features:
- Stability: FDUSD aims to provide stability and trust in the volatile cryptocurrency market, with each FDUSD being backed by 1 US dollar or equivalent reserve assets to ensure value stability.
- Programmability: FDUSD is a programmable stablecoin that can execute financial contracts, custodial services, and insurance without the involvement of a third party.
- Reserve System: The reserve fund of FDUSD is held by the designated custodian company, First Digital Trust Limited, with separate accounts for reserves and operational funds. Even in the event of the custodian company's bankruptcy, the reserve fund of FDUSD is protected independently of the custodian company's other assets.
- Audit: The reserve fund of FDUSD undergoes audits by independent auditing firms to ensure its stability and credibility.
- Use Cases: FDUSD can be used for cross-border transactions, remittances, payment solutions, etc., providing fast, low-cost, and secure transfer services.
Summary: FDUSD is a stable, programmable stablecoin designed to provide stability and trust in the cryptocurrency market.
，adatto a varie situazioni di trading finanziario.
