FDUSD Cryptocurrency Introduction
FDUSD (First Digital USD) is a stablecoin that is pegged 1:1 to the US dollar, launched in June 2023 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 reserves, ensuring value stability.
- Programmability: FDUSD is a programmable stablecoin that can execute financial contracts, custody services, and insurance without third party involvement.
- Reserve System: FDUSD's reserves are held by designated custodian First Digital Trust Limited, with separate reserve and operational accounts, ensuring the reserves of FDUSD are protected independently of the custodian's other assets even in the event of custodian bankruptcy.
- Audit: FDUSD's reserves undergo audits by independent audit firms to ensure stability and credibility.
- Use Cases: FDUSD can be used for cross-border transactions, remittances, payment solutions, providing fast, low-cost, and secure transfer services.
Conclusion: FDUSD is a stable, programmable stablecoin designed to provide stability and trust in the cryptocurrency market.
，适用于各種金融交易場景。
