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news-imageSeptember 7, 2023

First Digital USD (FDUSD) Skyrockets in Popularity, Becomes Top Choice for Crypto Traders

In an astonishing twist of fate, the cryptocurrency world is abuzz with the meteoric rise of the First Digital USD (FDUSD) stablecoin, which has witnessed an extraordinary 51% surge in its supply over the last 30 days. With a market capitalization rapidly approaching the $394 million mark, FDUSD has not only captured the attention of crypto enthusiasts but has also secured its position as the eleventh-largest dollar-based stablecoin, according to the latest data reported by CoinGecko.
Publisher: The Currency Analytics
Sentiment: Positive
FDUSD

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Neutral
cover-imageBitcoin
September 3, 2024

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena's USDE supply has decreased by 130 million, pushing First Digital's FDUSD into the fourth largest spot.

Neutral
cover-imageBitcoin
May 26, 2024

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena's USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital's FDUSD experienced a 29% supply decrease.

Negative
cover-imageBitcoin
April 14, 2024

USDE and FDUSD Experience Brief Depegs Amid Saturday's Crypto Market Shake-Up

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena's USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar's value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin.

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