First Digital USD (FDUSD) is a reserve-backed stablecoin issued by a subsidiary of First Digital Limited, a financial company based in Hong Kong. FDUSD was launched on the Ethereum and BNB Chain networks, with plans to issue on other blockchains in the future. FDUSD provides a “statement of reserves” report verified by independent auditors to demonstrate that FDUSD is fully backed by an equivalent value in cash
or other liquid assets.
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When will it reach 1 dollar?
According to market data, the price of FDUSD at the time of writing is around $0.9992. So, FDUSD has already reached the value of 1 dollar and could maintain stability close to this value
.
When will it reach 10 dollars?
To reach 10 dollars, FDUSD will have to increase about 10 times, obtaining a market capitalization of around 18 billion dollars. This is very unlikely, as FDUSD is designed to maintain a stable value equal to that of the US dollar. If the price of FDUSD were to deviate significantly from 1 dollar, there would be arbitrage and reserve adjustment mechanisms to bring it back to its nominal
value.
When will it reach 100 dollars?
To reach 100 dollars, FDUSD will have to increase about 100 times, obtaining a market capitalization of around 180 billion dollars. This is practically impossible, for the same reasons stated above. FDUSD is not a speculative cryptocurrency, but a stablecoin that aims to preserve the purchasing power of users
.
When will it reach 1000 dollars?
To reach 1000 dollars, FDUSD will have to increase about 1000 times, obtaining a market capitalization of about 1.8 trillion dollars. This is completely unrealistic, as FDUSD has no reason to appreciate so much against the US dollar. FDUSD is not an innovative cryptocurrency, but a stablecoin that aims to facilitate exchanges and payments
.
Is it considered a good investment?
FDUSD is not considered a good investment, as it does not offer any opportunity for profit or growth. FDUSD is a stablecoin that serves as a medium of exchange and as a store of value, but not as a source of return or appreciation. FDUSD is useful for users who want to transfer or store their money digitally, but not for those who want to speculate or invest in the cryptocurrency market
.
Table with price forecasts from 2024 to 2030
Here is a table summarizing FDUSD’s price forecasts from 2024 to 2030, based on different sources:
| Anno | Price Prediction (USD) |
|---|---|
| 2024 | 0.998 — 1.002 |
| 2025 | 0.997 — 1.003 |
| 2026 | 0.996 — 1.004 |
| 2027 | 0.995 — 1.005 |
| 2028 | 0.994 — 1.006 |
| 2029 | 0.993 — 1.007 |
| 2030 | 0.992 — 1.008 |
Frequently Asked Questions (FAQ)
Where can I buy First Digital USD?
You can buy First Digital USD on several cryptocurrency exchange platforms such as Binance, Cryptology, Exmarkets, gate.io, and HitBTC. Currently, FDUSD is listed on 8 exchanges, with Binance confirming itself as the most popular platform for
FDUSD.
What is the best platform to buy First Digital USD?
At the moment, the best platform for buying First Digital USD is Binance, which has recorded a trading volume of FDUSD of $1.47 billion in the last 24 hours. However, you also have other options to choose from, such as gate.io, Exmarkets, Koinpark, Cryptology, and YiBi, which
list FDUSD.
Where can I buy First Digital USD using fiat currency?
You can buy First Digital USD with fiat currency on Kraken. First of all, you need to buy USDT on Kraken with fiat currency and then transfer your USDT to a platform that quotes First Digital USD. For example, the most popular platform for exchanging [object Object] for USDT is Binance
.
Where can I buy First Digital USD with USDT?
You can buy First Digital USD with USDT on the Binance cryptocurrency exchange platform. Binance managed a trading volume of FDUSD of $1.47 billion in the last 24 hours. Binance also offers a wide selection of other cryptocurrencies, offering multiple trading options in addition to First Digital USD
.
On which platform can I buy First Digital USD with a credit card?
Attention: The answer to this question is not available at this time.
What is First Digital USD’s trading volume over the past 24 hours?
First Digital USD’s trading volume over the past 24 hours is $1.48 billion. First Digital USD is listed on 8 exchanges, with 60 trading pairs
.
Which platform has the highest trading volume of First Digital USD?
At the moment, the most popular platform for First Digital USD exchanges is Binance, which has managed $1.47 billion worth of FDUSD exchanges in the last 24 hours.
What is the most popular trading pair for First Digital USD?
The most popular trading pair for First Digital USD is BTC/FDUSD. Over the past 24 hours, this pair recorded a trading volume of $1.03 billion on 8 different cryptocurrency platforms
.
