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Exclusive interview with First Digital: FDUSD is completely independent from Binance and is considering launching other fiat stablecoins
Author: Jiang Haibo, PANews
Stablecoins are known as the crown jewels of the crypto world, and FDUSD is a rising star in recent times. Since its launch in June 2023, in just a few months, the issuance of FDUSD has exceeded 2.5 billion, becoming the third largest legal currency-collateralized stablecoin.
FDUSD is issued by FD121 Limited, a subsidiary of Hong Kong-based financial company First Digital Limited. It is a stablecoin pegged 1:1 to the U.S. dollar. Every 1 FDUSD issued has a reserve asset of 1 U.S. dollar, which means that its value is supported by reserves equivalent to the amount issued.
Stablecoins are known as the crown jewels of the crypto world, and FDUSD is a rising star in recent times. Since its launch in June 2023, in just a few months, the issuance of FDUSD has exceeded 2.5 billion, becoming the third largest legal currency-collateralized stablecoin.
FDUSD is issued by FD121 Limited, a subsidiary of Hong Kong-based financial company First Digital Limited. It is a stablecoin pegged 1:1 to the U.S. dollar. Every 1 FDUSD issued has a reserve asset of 1 U.S. dollar, which means that its value is supported by reserves equivalent to the amount issued.
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