읽기

편집

역사

알림

공유

First Digital USD (FDUSD)

First Digital USD (FDUSD) is a reserve-backed issued by a subsidiary of Hong Kong-headquartered financial firm, [1][3]

Overview

First Digital USD (FDUSD) was launched on June 1, 2023, by FD121 Limited, a subsidiary of Hong Kong-headquartered financial firm, . It was launched shortly after the implementation of the “Guiding Principles for Virtual Asset Trading Platform Operators” in Hong Kong. [2]

Following the discontinuation of support for native stablecoin, , Binance encouraged users who hold Binance USD (BUSD) stablecoin assets to transition to FDUSD in an official statement issued on September 1, 2023. The move comes as part of Binance’s strategy to gradually phase out its support for BUSD, with plans to conclude the process by February 2024. [7][8]

At launch, FDUSD was issued on the and networks which follow the & standards respectively. These decentralized blockchains provide consensus confirmation of transactions using (PoS) or proof of staked authority (PoSA) consensus providing immutability of records and public transparency to market participants. [5]

First Digital Limited claims that the FDUSD coin acts as a programmable that enables the execution of financial contracts, custody services, and insurance without intermediaries. [5][6]

FDUSD Reserve

The value of the FDUSD coin is backed by the US dollar or an equivalent asset representing the fair value of the US dollar at a 1:1 ratio. The reserves for FDUSD comprise low-risk assets, such as short-term U.S. treasury bills, as well as cash and cash equivalents in U.S. dollars. The reserves are held by a custodian, First Digital Trust Ltd., a public trust company registered in Hong Kong, and at financial institutions in Switzerland, Australia, and Hong Kong. [4][9]

First Digital Labs publishes a monthly reserve report outlining the composition of reserves. In addition, these assets are subject to monthly review and attestation by an independent auditor. These reports provide transparency for the FDUSD holders about the reserve status of the . [5][9]

See something wrong? Report to us.

First Digital USD (FDUSD)

커밋 정보

편집자

편집 날짜

January 9, 2024

편집 이유:

added info on reserve

피드백

평균 평점

No ratings yet, be the first to rate!

경험은 어땠나요?

빠른 평가를 해서 우리에게 알려주세요!

트위터 타임라인

Loading...

로딩 중

미디어

참고 문헌.

IQ Brainlist 가입

IQ Brainlist에 가입하여 IQ.wiki 사이트 편집에 미리 액세스하세요!

지금 가입하기

뉴스레터를 구독하세요

IQ 생태계 보고서는 IQ에 대한 모든 정보를 계속 업데이트합니다.

구독하기

IQ.wiki

IQ.wiki의 비전은 블록체인 지식을 세계에 전하고 지식을 블록체인 위에 구현하는 것입니다. 그룹의 일부입니다Brainfund

https://twitter.com/IQWIKIhttps://www.reddit.com/r/Everipedia/https://t.me/everipediahttps://www.instagram.com/iqwiki_/https://github.com/EveripediaNetworkhttps://discord.gg/x9EWvTcPXthttps://www.facebook.com/iqdotwiki

아이큐

IQ란?스테이킹채권

회사

소개채용 정보인재 채용 중브랜딩IQ GPTIQ 대시보드

© 2024 IQ.wiki, BrainDAO & IQ가 지원합니다