$FDUSD

FDUSD

0.9993

+0.01%

First Digital USD ($FDUSD) is designed to maintain a stable peg to the US Dollar, typically trading very close to $1.00. Its primary function is to serve as a stablecoin for trading pairs and liquidity within cryptocurrency exchanges. Any significant deviation from its $1.00 peg, either above or below, is usually quickly corrected by arbitrageurs. High trading volume indicates its active use in the market, often as a safe haven asset during volatility. Monitoring its peg is crucial; sustained trading below $0.99 or above $1.01 could signal potential issues, though these are rare for well-established stablecoins.

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