First Digital USD (FDUSD)

$1.00

+$0.00(+0.11%)Today

Stock market information for First Digital USD (FDUSD)

First Digital USD is a crypto in the CRYPTO market.

The price is 1.0 USD currently with a change of 0.00 USD (0.00%) from the previous close.

The intraday high is 1.014 USD and the intraday low is 0.992129 USD.

📰 Latest Developments

Depegging Incident: In early April 2025, FDUSD briefly lost its 1:1 peg, dropping to $0.87 following insolvency allegations by Tron founder Justin Sun. (Perplexity AI)

Issuer's Response: First Digital Trust denied the allegations, labeling them as a smear campaign, and announced plans to pursue legal action against Sun. (BeInCrypto)

Binance's Assurance: Binance confirmed the accuracy of FDUSD's reserve attestations for February, helping to restore investor confidence. (crypto.news)

Solana Integration: FDUSD has been integrated into the Solana network, with Binance offering zero-fee deposits and withdrawals, enhancing its utility and adoption. (Binance)

📈 Price Forecast

Analysts predict that FDUSD will maintain its peg, with potential slight increases:

2025: Projected to reach up to $1.07, assuming market stability.

2030: Could rise to approximately $1.27, reflecting gradual growth in adoption and trust. (Binance)

📊 Technical Indicators

FDUSD's stability is supported by:(Perplexity AI)

Robust Reserve Management: Regular attestations confirm full backing.(Perplexity AI)

High Liquidity: Significant trading volumes across major exchanges.(CoinDesk)

Multi-Chain Support: Availability on Ethereum, BNB Chain, and Solana enhances accessibility.(Crypto Basic)

✅ closing Remarks'

FDUSD has demonstrated resilience amid challenges, maintaining its peg and gaining institutional support. Its integration into major networks and exchanges positions it as a reliable stablecoin option.(Perplexity AI)

If you're interested in visualizing FDUSD's performance, I can assist in creating charts or providing further analysis.