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First Digital USD basics
First Digital USD
Stablecoins
First Digital USD (FDUSD) is a stablecoin pegged to the US dollar. It is a digital currency that aims to provide a stable and trustworthy alternative to traditional currencies, while also offering the benefits of fast, secure, and transparent transactions that are characteristic of blockchain technology.
FDUSD is backed by an equivalent amount of US dollars held in reserve by FD121 Limited, a subsidiary of Hong Kong-based financial firm First Digital Limited. This reserve is regularly audited by independent auditors to ensure that FDUSD is fully backed and maintains its 1:1 peg to the US dollar.
FDUSD is currently available on the Ethereum and BNB Chain blockchains, with plans to expand to other blockchains in the future. It can be used for a variety of purposes, including:
- Making payments: FDUSD can be used to make payments for goods and services online and in person.
- Trading: FDUSD can be traded on cryptocurrency exchanges like Binance and Huobi.
- Storing value: FDUSD can be held as a store of value, similar to how people hold US dollars or other fiat currencies.
FDUSD is a relatively new stablecoin, but it has already gained traction in the cryptocurrency market due to its strong backing and commitment to transparency. If you are looking for a stable and trustworthy digital currency, FDUSD is a good option to consider.
Here are some of the benefits of using FDUSD:
- Stability: FDUSD is pegged to the US dollar, which is one of the most stable currencies in the world. This means that the value of FDUSD is unlikely to fluctuate wildly, making it a good option for storing value and making payments.
- Transparency: FDUSD is backed by an equivalent amount of US dollars held in reserve, and this reserve is regularly audited by independent auditors. This transparency helps to ensure that FDUSD is a trustworthy and reliable currency.
- Security: FDUSD is based on blockchain technology, which is a secure and tamper-proof way of storing and transacting digital assets. This makes FDUSD a safe and secure way to store your money.
- Speed and efficiency: Transactions with FDUSD are fast and efficient, thanks to the power of blockchain technology. This makes FDUSD a good option for making payments and other transactions.
First Digital USD token type
FDUSD
Store First Digital USD with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account with Face ID or Touch ID security options.
- Transfer FDUSD from external wallet.
Receive First Digital USD to your Cropty wallet by QR-code, phone number, e-mail and nickname:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set up a nickname.
- Click ‘Receive’ and follow the instructions.
You can transfer your First Digital USD holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you First Digital USD holding except you.
Start investing in First Digital USD with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set your authentication settings.
- Transfer FDUSD from external wallet.
The Cropty wallet provides the most convenient application for storing and transfering First Digital USD. Cropty targets to become one the best crypto wallets for Android and iOS in 2024. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.
You can receive First Digital USD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can receive First Digital USD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can send First Digital USD instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.
- Sign up to First Digital USD wallet.
- Top up your balance with First Digital USD.
- Store, trade or deposit your First Digital USD.
- Get First Digital USD deposit interest directly to your Cropty wallet.