## What is First Digital USD (FDUSD)?
First Digital USD (FDUSD) is a fully-backed stablecoin pegged 1:1 to the U.S. dollar, issued by First Digital Labs, a Hong Kong-based financial services company. It is designed to be a reliable and transparent stablecoin used for payments, remittances, and decentralized finance (DeFi) applications.

## What Problem Does First Digital USD (FDUSD) Solve?
FDUSD addresses:
Stability: By maintaining a 1:1 peg to the U.S. dollar, FDUSD offers stability against the volatility of other cryptocurrencies.
Transparent Reserves: It is fully backed by reserves held in segregated accounts, ensuring solvency and user trust.
Cross-Border Transactions: It enables fast, low-cost international payments using blockchain technology.

## Why Does the Crypto Market Need First Digital USD (FDUSD)?
FDUSD benefits the crypto market by:
Providing a Trusted Stablecoin: It can be used in payments and remittances, especially for cross-border transactions that require a stable digital currency.
DeFi Integration: FDUSD is compatible with DeFi platforms, allowing stable participation in decentralized finance activities.
Regulatory Oversight: Issued under Hong Kong regulations, FDUSD adds a layer of trust and transparency to the stablecoin ecosystem.

## History of FDUSD
Launched by First Digital Labs, FDUSD was created as a stablecoin solution for digital payments and decentralized finance. Since its launch, it has gained recognition as a stable and regulated asset in the blockchain space.

## Who Created First Digital USD (FDUSD)?
FDUSD was developed by First Digital Labs, a Hong Kong-based firm specializing in digital assets, payments, and stablecoins. The company focuses on providing compliant and secure financial products for blockchain use.

## What Technology Does First Digital USD (FDUSD) Use?
FDUSD operates as:
Blockchain Technology: FDUSD is both an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain, allowing interoperability across multiple platforms.
Pegged to USD: FDUSD maintains a 1:1 peg to the U.S. dollar, with reserves held in segregated accounts and audited regularly to ensure full backing.
Compliance and Audits: FDUSD undergoes regular audits to confirm that its reserves match the circulating supply, enhancing transparency.

## What Affects First Digital USD (FDUSD) Price?
Factors affecting FDUSD’s price include:
Reserves and Audits: Price stability is maintained through fully backed reserves, and audit results can influence trust and demand.
Market Demand for Stablecoins: The overall demand for stablecoins in DeFi, payments, and remittances impacts FDUSD’s utility and price.
Regulatory Developments: Regulatory clarity, particularly in Hong Kong, helps maintain the token’s stability and reliability.

## How Many Tokens of First Digital USD (FDUSD) Are in Circulation?
Currently, 2,864,276,708 FDUSD tokens are in circulation, matching the total supply.

## What is the Maximum Supply of First Digital USD (FDUSD)?
FDUSD does not have a capped supply, as its supply fluctuates based on demand and reserve backing.

## What is First Digital USD (FDUSD) Utility?
FDUSD is used for:
Payments and Remittances: It provides a stable currency for international transactions, reducing costs and transaction time.
DeFi Applications: FDUSD can be integrated into decentralized finance platforms for lending, borrowing, and liquidity pools.
Stable Store of Value: It offers a stable alternative to volatile cryptocurrencies, suitable for saving, trading, and hedging.

## Tokenomics of First Digital USD (FDUSD)
Fully Backed: Each FDUSD token is backed by an equivalent amount of U.S. dollars in segregated accounts.
No Maximum Supply: FDUSD’s supply is adjusted based on market demand.
Transparency and Audits: Regular audits ensure that reserves match the circulating supply, providing transparency.

## What is the All-Time High and All-Time Low for First Digital USD (FDUSD)?
All-Time High: $1.09 on May 20, 2024
All-Time Low: $0.9421 on August 17, 2023

## Where to Buy First Digital USD (FDUSD)?
FDUSD tokens can be purchased on exchanges such as:
Binance
Huobi
Gate.io

## Who Invested in First Digital USD (FDUSD) at an Early Stage?
FDUSD was developed by First Digital Labs and did not go through traditional venture capital funding. It has since been adopted by a variety of exchanges and DeFi platforms due to its regulatory compliance and transparency.

## What Are the Revenue Streams of First Digital USD (FDUSD)?
FDUSD generates revenue from:
Transaction Fees: Fees are collected for transactions involving FDUSD on exchanges and platforms.
Reserve Management: Interest may be earned on the U.S. dollar reserves backing the FDUSD tokens.
