FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August

FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August

Recent information signifies that the market capitalization of the newly launched stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This progress, a 253% enhance in provide, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at 921 million.

FDUSD’s Market Value Climbs Toward $1 Billion in Just 120 Days

Since its inception, FDUSD’s market value is getting ready to reaching $1 billion, having expanded its provide by a considerable 253% over the previous 120 days from August 4, 2023. To date, the issuer of FDUSD has launched three attestations, with the newest monthly report concluding in October. As of December 2, 2023, the circulation of first digital usd (FDUSD) stands at roughly 921,272,192 tokens.

FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August

Of the 921 million FDUSD in existence, a mere 224 holders possess the stablecoin, which has been transacted onchain just one,471 occasions. Dominating the FDUSD panorama, Binance holds the highest three addresses. The main handle alone accounts for a staggering 90.96% of FDUSD’s complete provide. Following carefully, Binance‘s second pockets accommodates 7.65% of the circulating FDUSD. The third pockets, additionally beneath Binance’s management, holds 0.81%.

Wintermute owns the fourth-largest FDUSD pockets, comprising 0.16% of the whole provide, equal to 1,502,179 FDUSD. The fifth-largest pockets, whose proprietor stays unidentified, controls 999,998 FDUSD, or 0.10% of the availability. Collectively, the top 100 holders personal 921,269,821.68 FDUSD tokens, almost your entire circulation.

FDUSD’s rising prominence has positioned it because the sixth-largest USD-pegged token by market capitalization. While it carefully trails behind BUSD, TUSD, and DAI, FDUSD is significantly smaller in comparison with giants like USDC and USDT. However, it boasts a bigger provide than newer entrants like Paypal’s PYUSD, Tron’s USDD, and Gemini’s GUSD stablecoin.

What are your ideas about FDUSD’s progress over the previous 120 days? Share your ideas and opinions about this topic within the feedback part under.

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