$FDUSD /USDC pair on Binance, showing its price movement and trading data. This represents the exchange rate between $FDUSD (First Digital USD), a stablecoin, and USDC (USD Coin), another stablecoin, on the Binance exchange.
Key details from the image and search results include:
Current Price:
0.9982, indicating a slight decrease of -0.0001 or -0.01%.
Trading Data:
Includes 24h High (0.9984), 24h Low (0.9979), 24h Volume in FDUSD (174.06M), and 24h Volume in USDC (173.75M).
Purpose of Stablecoins:
Both FDUSD and USDC are stablecoins, designed to maintain a stable value, typically pegged to the US Dollar, aiming to reduce price volatility compared to other cryptocurrencies.
Trading Context:
The chart suggests active trading of this pair on Binance, a major cryptocurrency exchange.
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