BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

BITCOIN

₹59,48,101.34

3.172%

ETHEREUM

₹2,93,963.41

8.098%

TETHER USDT

₹92.48

0.034%

BNB

₹52,314.79

3.845%

SOLANA

₹15,813.01

2.971%

XRP

₹56.34

0.38%

USDC

₹92.50

0.002%

DOGECOIN

₹11.55

6.119%

CARDANO

₹36.70

4.816%

TRON

₹12.55

0.911%

AVALANCHE

₹2,538.31

9.808%

SHIBA INU

₹0.001515

4.908%

POLKADOT

₹531.87

3.729%

CHAINLINK

₹1,203.52

5.711%

BITCOIN CASH

₹32,725.28

5.271%

NEAR PROTOCOL

₹520.56

4.483%

LITECOIN

₹6,394.07

5.79%

PEPE

₹0.001117

4.147%

POLYGON

₹46.62

5.652%

INTERNET COMPUTER

₹885.51

3.372%

Home

/

Coins

/

First-digital-usd

FDUSD

First Digital USD

FDUSD

₹92.43

LIVE

24H Low ₹92.41

24H High ₹92.46

Price of FDUSD today

The current live price of FDUSD today is ₹92.43, with a 24-hour trading volume of ₹4,22,12,54,79,714.85. Our FDUSD to INR price is updated in real-time. FDUSD has seen a decrease of -0.06% in the last 24 hours. With a live market cap of ₹1,85,66,72,97,801.82 , the circulating supply is at 2,009,156,516 FDUSD coins, with a maximum supply of 2,009,156,516FDUSD coins.

First Digital USD Price History

Date ComparisonAmount Change% Change
Today-₹0.05

0.05%

7 Days-₹0.06

0.06%

30 Days-₹0.13

0.14%

1 Year-₹0.15

0.16%

First Digital USD Price Information

Price Change (1hr)

0.05%

Price Change (24hr)

0.05%

Price Change (7d)

0.06%

First Digital USD Market Stats

Market Cap

₹1,85,66,72,97,801.82

Fully Diluted Market Cap

₹1,85,66,72,97,801.82

24hr Volume

₹4,22,12,54,79,714.85

4%

Circulating Supply

2009156516.16 FDUSD

Total Supply

2009156516.16 FDUSD

Things to know about First Digital USD

What is the token?

First Digital USD (FDUSD) is a cryptocurrency stablecoin pegged to the United States Dollar, launched by the Hong Kong-based company First Digital Labs in 2023. It operates on the Ethereum and BNB Chain networks, adhering to the ERC20 and BEP20 standards, respectively. FDUSD aims to provide a stable digital currency that mitigates volatility in the cryptocurrency market, enhancing the efficiency of financial transactions by reducing costs and offering faster, highly secure transactions. It is backed by cash reserves and investments in US Treasuries, ensuring its stability and reliability as a digital representation of the US dollar.

Tokenomics

  • Pegged 1:1 to the US Dollar

  • : Each FDUSD token is intended to be fully backed by one US dollar or an asset of equivalent fair value.

  • Redemption and Purchase

  • : FDUSD can be directly purchased by key industry players and financial intermediaries who meet specific criteria. Retail customers can acquire FDUSD through secondary markets.

  • Reserve Management

  • : Assets backing FDUSD are held by a qualified custodian in accounts with regulated depository institutions.

  • Blockchain Support

  • : Initially available on Ethereum and BNB Chain, with plans to support more blockchains.

Market Data

As of today #{today’s date}, the price of First Digital USD is ₹92.43 INR or 0.9992 USD, with a 24-hour trading volume of 4563518699.62 USD. The market capitalization for First Digital USD is 2007214030.29USD. The circulating supply is 2009156516.16 First Digital USD, with the total supply also being 2009156516.16 First Digital USD.

Token Pros and Cons

:

  • Stability

  • : Pegged 1:1 to the US dollar, offering a stable value compared to volatile cryptocurrencies.

  • Reduced Transaction Costs

  • : Aims to lower transaction fees and improve the speed and security of financial transactions.

  • Regulatory Compliance

  • : Managed with strict adherence to AML and CTF regulations.

  • Programmable

  • : Enables the execution of financial contracts and services without intermediaries.

  • Accessibility

  • : Available on major cryptocurrency exchanges, providing substantial liquidity.

:

  • Limited Direct Purchase

  • : Not available directly to retail customers from First Digital Labs.

  • Redemption Requirements

  • : To redeem for fiat, one must become a client of First Digital Labs and meet specific requirements.

  • Market Acceptance

  • : As a newer stablecoin, it may face challenges in gaining widespread acceptance.

  • Regulatory Risks

  • : Subject to the evolving landscape of cryptocurrency regulation.

  • Dependence on Reserve Management

  • : The stability and trust in FDUSD depend on the effective management of its reserves.

Why Should You Invest in the Coin?

  • Stability in Volatile Markets

  • : Offers a safe haven during periods of high volatility in the cryptocurrency market.

  • Diverse Use Cases

  • : Programmable nature allows for innovative financial solutions.

  • Backed by Solid Reserves

  • : Ensures reliability and trust in its value.

  • Compliance and Security

  • : Adheres to regulatory standards, providing a secure investment.

  • Growing Ecosystem

  • : Supported on major blockchains and available on leading exchanges.

USP of the Coin

  • Fully Reserved and Redeemable

  • : Each token is backed by cash or cash equivalents, ensuring its stability.

  • Cross-Blockchain Availability

  • : Initially available on Ethereum and BNB Chain, with plans for broader blockchain support.

  • Regulatory Compliance

  • : Managed with a focus on transparency, compliance, and security.

Problem the Coin is Solving

FDUSD addresses the issue of volatility in the cryptocurrency market by providing a stable digital currency that facilitates efficient, secure, and cost-effective financial transactions. It aims to enhance the usability of cryptocurrencies for everyday transactions and financial services.

Founder and Team Background

  • FDUSD, developed by First Digital Labs (a subsidiary of First Digital Limited), is led by CEO Vincent Chok and COO Gunnar Jaerv. Their leadership focuses on bridging traditional finance with cryptocurrency through innovation and operational excellence.

  • The team’s expertise spans finance, technology, and regulatory compliance, which is crucial for the stablecoin FDUSD’s launch and management.

ICO Price

  • FDUSD was introduced on June 1, 2023, aligning with Hong Kong’s new crypto guidelines. This launch coincided with Binance transitioning users from BUSD to FDUSD, highlighting market confidence.

  • Issued on Ethereum and BNB Chain, FDUSD adheres to ERC20 and BEP20 standards, which are chosen for security and smart contract capabilities.

  • FDUSD did not undergo a traditional ICO. Instead, it initially targeted institutional clients, with retail availability following. This approach underlines a commitment to regulatory compliance and stablecoin reliability without a public ICO phase.

Risks Associated in Investing in the Coin

  • Market Adoption

  • : Risk of limited acceptance among users and merchants.

  • Regulatory Changes

  • : Potential for adverse regulatory developments affecting stablecoins.

  • Reserve Management Risks

  • : Mismanagement of the reserve assets could undermine the token’s stability.

  • Competitive Landscape

  • : Faces competition from other established stablecoins.

  • Liquidity Risks

  • : While available on major exchanges, liquidity can vary, affecting the ease of transactions.

Whitepaper Insights

The whitepaper of First Digital USD (FDUSD) outlines the vision, technology, and operational framework behind the stablecoin. It begins by addressing the volatility and inefficiencies present in the current cryptocurrency market, which hinders the broader adoption of digital currencies for everyday transactions and financial services. FDUSD is introduced as a solution to these challenges, offering a stable, efficient, and secure digital currency pegged 1:1 to the US dollar.

The whitepaper details the tokenomics of FDUSD, emphasizing its full backing by cash and cash equivalents held in segregated, bankruptcy-remote accounts managed by a qualified custodian. This structure ensures the stability and reliability of FDUSD, making it a trustworthy digital representation of the US dollar. The document also explains the mechanisms for purchasing and redeeming FDUSD, highlighting the token’s accessibility through direct sales to qualified entities and secondary markets for retail investors.

A significant portion of the whitepaper is dedicated to the technological infrastructure of FDUSD, including its deployment on the Ethereum and BNB Chain networks and adherence to the ERC20 and BEP20 standards. The choice of these blockchains is justified by their security, transparency, and support for smart contracts, which enable the programmable features of FDUSD. These features allow for the execution of complex financial contracts, escrow services, and insurance without intermediaries, enhancing the efficiency and flexibility of financial transactions involving FDUSD.

The whitepaper also addresses regulatory compliance, detailing the anti-money laundering (AML) and counter-terrorism financing (CTF) measures in place to ensure the lawful use of FDUSD. It underscores the commitment of First Digital Labs to transparency, security, and regulatory compliance, which are critical for gaining trust and fostering the adoption of FDUSD.

In conclusion, the FDUSD whitepaper presents a comprehensive overview of the stablecoin’s design, operation, and potential impact on the financial industry. It positions FDUSD as a pioneering solution that combines the benefits of cryptocurrency with the stability and reliability of traditional fiat currency, aiming to revolutionize financial transactions in the digital age.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9250

0%

FDUSD to Converter

Quantity

FDUSD

FDUSD

Price

fiat

Price as per 09:30 AM • 25 Jul 2024

Recently Added Cryptocurrencies

Introducing the newly added cryptocurrencies on Mudrex.

Popular Conversion Pairs

A list of popular conversion pairs, including both fiat and cryptocurrencies.

Have a question not answered?

You can contact us at help@mudrex.com

What is the price of First Digital USD (FDUSD)?

The current price of First Digital USD (FDUSD) in INR is ₹92.43 INR.

What is the current FDUSD market cap?

The current market capitalization of First Digital USD (FDUSD) is ₹1,85,66,72,97,801.82 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of FDUSD by the number of coins in circulation.

What is the current supply of First Digital USD (FDUSD)?

The current supply of First Digital USD (FDUSD) is 2009156516.16 FDUSD. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of First Digital USD (FDUSD)?

The 24-hour trading volume of First Digital USD (FDUSD) in INR is ₹4,22,12,54,79,714.85. This figure represents the total value of all FDUSD transactions across various exchanges within the last 24 hours.

How to Buy First Digital USD (FDUSD) in India?

To buy First Digital USD (FDUSD) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in FDUSD.

Can I buy First Digital USD (FDUSD) with UPI?

Yes, you can buy First Digital USD (FDUSD) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert First Digital USD (FDUSD) to Indian Rupee (INR)?

To convert First Digital USD (FDUSD) to Indian Rupee (INR), you can use our FDUSD/INR conversion rates in real time.

2024 Mudrex Inc.

Address:

4th floor, 315 Work Avenue Building, 257, 16th Cross, 5th Main Rd, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102