FDUSD market value exceeds US$1.8 billion, reaching record high

According to the latest data from Coingecko, First Digital, a Hong Kong-based digital asset trust, will launch a US dollar stablecoin called First Digital USD (FDUSD). The market value of FDUSD briefly surpassed $1.8 billion today, setting a new historical high, and has since slightly dropped to $1.793 billion. FDUSD is a programmable stablecoin pegged to the US dollar, aiming to provide reserve support from assets of equivalent fair value, which will be kept in an independent account of an Asian institution.