First Digital USD (FDUSD) Fundamentals and Technical Info

First Digital USD Basics

Status	Active
Asset Type:	Token
DeFi	Yes
Website:	https://firstdigitallabs.com
Explorer:	https://etherscan.io/token/0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409
Wallet:	https://www.myetherwallet.com
Announcement:
Description:	First Digital USD (FDUSD) is a 1:1 USD-backed stablecoin issued by a distinct entity, FD121 Limited in Hong Kong, operating under the brand name of First Digital Labs. FDUSD offers users a reliable digital currency aimed at reducing volatility in the cryptocurrency market, enhancing the efficiency of financial transactions by lowering transaction costs and offering faster, more secure transactions. FDUSD is a programmable stablecoin enabling the execution of financial contracts, escrow services, and insurance without intermediaries.