Cryptocurrency Q&A
Who is the issuer of FDUSD?
Who is the issuer of FDUSD?
SophieJones
Mon May 20 2024
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6 answers
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Could you please clarify who exactly issues FDUSD? I'm not entirely familiar with this particular cryptocurrency and its underlying issuance mechanism. I'm interested in understanding the entity or organizations responsible for its issuance, as well as any relevant information about its stability and trustworthiness. It would be helpful if you could provide a brief overview of FDUSD's issuer, their reputation in the cryptocurrency space, and any regulatory frameworks they adhere to. Thank you for your assistance in clarifying this matter.
6 answers
SamuraiCourageous
Wed May 22 2024
FDUSD is a stablecoin issued by First Digital Labs, a subsidiary of Hong Kong-based First Digital Group. This digital asset is designed to maintain a stable value, providing investors with a reliable alternative to volatile cryptocurrencies.
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ShadowFox
Tue May 21 2024
The issuance of FDUSD is not regulated by any financial authority, as First Digital Labs is not a regulated issuer of stablecoins or digital assets. Nevertheless, it ensures the transparency of its operations by disclosing its reserve assets and mechanisms.
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SakuraSpiritual
Tue May 21 2024
BTCC also provides futures trading, enabling investors to speculate on the future prices of cryptocurrencies. This service offers leveraged trading, allowing traders to amplify their potential profits or losses.
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Giulia
Tue May 21 2024
The FDUSD stablecoin is backed by a diversified portfolio of assets. Its primary reserve asset is USD cash deposits, accounting for 79% of the total backing. This ensures the stability of the coin's value and reduces the risk of volatility.
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Eleonora
Tue May 21 2024
In addition to cash deposits, FDUSD is also backed by US T-Bills, which constitute 20% of the reserve assets. These Treasury Bills have a maturity of less than three months, providing liquidity and further stability to the stablecoin.
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