Basic Informations for FDUSD

FDUSD ( First Digital USD) is an Asia-based stablecoin pegged to the US dollar. It is currently traded on Binance and Gate.io, and may be on other exchanges in the future. FDUSD, issued by First Digital, is a Hong Kong-based stablecoin and is indexed 1:1 to the US dollar. This means that FDUSD always offers a value that is targeted to be equal to $1. In the exchanges we can see that their value is sometimes 0.99 to 1.1 but I beleive this is because of the demand and supply changes.
 
 FDUSD is structured specifically in accordance with regulations in the Asian region and is based on certain principles such as security standards, asset custody, avoiding conflicts of interest and protection against hacking attacks.
The company works closely with regional and international regulatory bodies to ensure full compliance with regulatory requirements and availability in different regions. They also want to ensure active regulatory involvement, keeping an eye on future regulations.
 
FDUSD is stated to have the potential to bring greater stability to the crypto market and function as a means of money transfer. However, it is emphasized that stablecoin provides a kind of protection against central bank policies of local currencies.
The amount currently in circulation is 1.838.136.728 according to CoinMarketCap data and there is no specific supply limit, which means supply may increase over time.


It is just working with the same logic like any other stablecoins. The most important thing is which exchanges are supporting which stablecoins. We can see FDUSD in Binance which is a good example that you can use it in the world's biggest crypto exchange. Users can use FDUSD for launcpools on Binance aswell. But still the most known stablecoin is Tether and I do not believe there will be a reason for anyone to use any other stablecoin.