First Digital USD (FDUSD) has reached a significant milestone, boasting a market capitalisation of $506.17 million as of January 16, 2024. The cryptocurrency, which launched on May 29, 2023, has seen no change in its value against the U.S. dollar in the past 24 hours, with a trading volume of $3.43 billion over the same period.
During the last week, FDUSD has maintained a stable position, remaining 0% lower against the U.S. dollar. Currently, one FDUSD token is valued at approximately $1.00 or 0.00001048 BTC on various cryptocurrency exchanges. The total supply of FDUSD is 503,641,106 tokens, with a circulating supply of 506,641,105 tokens.
Trading FDUSD: How to Participate
Investors looking to acquire FDUSD typically need to first purchase established cryptocurrencies such as Bitcoin or Ethereum. This can be accomplished through exchanges that operate in U.S. dollars, including Coinbase, Gemini, or GDAX. Once investors possess Bitcoin or Ethereum, they can then exchange these for FDUSD on the same platforms.
For those interested in staying updated on FDUSD and related cryptocurrencies, subscriptions to daily newsletters are available, such as MarketBeat.com’s FREE CryptoBeat newsletter. This service offers concise summaries of the latest news and insights regarding the cryptocurrency market.
Additional information about First Digital USD can be found on its official website, firstdigitallabs.com, and through its Twitter account, @fdlabshq, where the latest updates and insights are regularly shared.
