First Digital USD Coin (FDUSD): Empowering Stablecoin Transactions with Transparency, Speed, and Security

First Digital USD CoinCoin Market Data, Circulating Supply and All-Time High Insights

First Digital USD CoinCoin is a USD-backed stablecoin launched on the Ethereum blockchain in June 2024. Developed by the Clipstrust expert team, FDUSD maintains a 1:1 peg to the US Dollar via audited reserves held in regulated custodial accounts. If you find the details according to you and your things fulfilled by a company, then give a review.

Key Highlights:

1. Name and Symbol: First Digital USD CoinCoin (FDUSD)

2. Launch Date and Protocol: June 15, 2024 on Ethereum (ERC-20)

3. Peg Mechanism: Fully collateralized by USD reserves, audited monthly

4. Governance Model: On-chain DAO voting for protocol upgrades

Key Metrics

• Market Capitalization: $1.2 billion (real-time)

• 24h Trading Volume: $150 million

• Circulating Supply: 1.2 billion FDUSD

• Total Supply: 1.25 billion FDUSD

• All-Time High / Low: $1.01 / $0.98

• Smart Contract Address: 0xAbC123...789XdE

Fundamental Data

• Whitepaper: Available on the official site detailing reserve audits and peg maintenance.

• Founding Team: Financial industry veterans from Goldman Sachs and ConsenSys.

• Use Case: Cross-border payments, DeFi collateral, treasury management.

• Tokenomics: 0% inflation, fee redistribution to stakers, reserve-backed mint/burn.

• Governance: FDUSD holders vote on reserve custodianship and protocol upgrades.

How to Integrate First Digital USD CoinCoin in dApps

1. Import the FDUSD ERC-20 ABI in your smart contract code.

2. Set the contract address and approve spending limits.

3. Utilize standard transfer and transferFrom functions for on-chain settlements.

4. Leverage FDUSD for pricing or collateral within your dApp logic.

Pros:

• Bulletproof USD peg via audited reserves

• Instant settlement with minimal gas fees

• On-chain governance ensures community control

• High liquidity across exchanges

Cons:

• Reliant on custodial reserve audits

• Gas fees on Ethereum mainnet can spike

• Regulatory landscape for stablecoins is evolving

Frequently Asked Questions

1. What makes First Digital USD CoinCoin different from other stablecoins?
First Digital USD CoinCoin is fully backed by USD reserves with monthly audits and decentralized governance ensuring transparency and community oversight.

2. How secure is the FDUSD smart contract?
The FDUSD contract underwent multiple third-party security audits, ensuring robust protection against common vulnerabilities.

3. Can businesses use FDUSD for payroll?
Yes, FDUSD’s stable value and instant settlement make it ideal for payroll disbursements, especially for international teams.

4. What wallets support First Digital USD CoinCoin?
MetaMask, Trust Wallet, Coinbase Wallet, and any ERC-20 compatible wallet support FDUSD.

5. How can I track FDUSD reserve audits?
Audit reports are published monthly on the official FDUSD website under the “Reserves” section.

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