Binance's FDUSD stablecoin regains its dollar peg after flash crash

First Digital USD FDUSD FDUSD - $0.998502398139690 crashed and de-pegged as low as 13% after Justin Sun claimed its issuer, First Digital Trust, did not hold sufficient funds to back the outstanding stablecoins. Soon after that, FDUSD FDUSD - $0.998502398139690 returned close to its $1 peg.

Source: cryptopolitan.com

Related symbols: STABLEUSD

2025-04-03 09:19:02 GMT.

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Price & Market Data

Price: $0.998502398139690

Volume 24h: $4,312,214,411.74

Market Cap: $498,893,241.34

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 499,641,505.391027. The last known price of First Digital USD is 0.99917313 USD and is down -0.02 over the last 24 hours. It is currently trading on 624 active market(s) with $2,995,215,024.48 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.