FDUSD: The Catalyst of Fiat-Backed Stablecoins

With a market cap that reaches a high of US$4B, FDUSD has made a remarkable journey in becoming the third largest fiat-referenced stablecoin in the market. Reliable and robust, FDUSD has become one of the top five traded assets on-chain in many investors’ portfolios.

To understand FDUSD, let’s take a dive back into the history of stablecoins. Stablecoin is a cryptocurrency pegged by real-world assets to maintain a stable price. Often, stablecoins are pegged by fiat currencies. Over the years, stablecoins saw a hiking growth, reaching a market cap of $165 billion in July 2024. Today, stablecoin represents a new way to move money globally at internet speed, enabling payments in an instant.

FDUSD, a fully USD-pegged stablecoin, was first introduced in Hong Kong in June 2023 and quickly became a strong innovator of stablecoins in the digital currency arena. FDUSD achieved its first milestone of US$1 billion market cap in December 2023, skyrocketing to US$4B by April 2024. Being on BNB, Ethereum and Sui, FDUSD ranks in the top 5 in the stablecoin market and remains a beacon of innovation in the digital finance landscape. 

The Rise of Programmable Money

Blockchain technology is witnessing steep growth as the development of Web3 strengthens. Over the past decade, the convergence of the global economy and the Internet has transformed our practice in finance. With digital finance on the rise, digital assets mature and revolutionize transactions globally - making it accessible for everyone to perform payments, trade, remittances and settlements worldwide. 

FDUSD aims to provide financial inclusion for individuals to build an economic footprint through stablecoin, enabling seamless remittances and settlements across the globe. The opportunities FDUSD provides are significant and are already making a profound impact on many industries and individuals around the world, especially in Asia, in the strategic listing partnership with Coins.ph. As FDUSD grows brightly in the near future, so will the financial inclusion across the globe. 

The Future of Digital Dollar

When the digital financial landscape continues to evolve, so do the digital assets in the market continue to mature. The future of stablecoin is bright and as more stablecoin players enter the market, more healthy competition will derive, pushing innovations and solutions to global consumers. FDUSD, with a pool of US$2B circulating globally today, sees positive advancement in playing a vital role in the stablecoin market, paving the way to unleash transformative possibilities in the world of finance. FDUSD is committed to building toward a financially inclusive future for individuals worldwide to make fast and seamless transactions, with trust embedded at every level of our mission.

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