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

First Digital USD FDUSD FDUSD - $0.995248386982978 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 - $0.995248386982978 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: $0.995248386982978

Volume 24h: $3,786,933,807.71

Market Cap: $2,201,617,933.18

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 2,568,088,088.167816. The last known price of First Digital USD is 0.99831076 USD and is up 0.00 over the last 24 hours. It is currently trading on 494 active market(s) with $5,316,595,229.77 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.