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Gideon-(BNB Angel) 🇳🇬

Q3 - What backs the value of FDUSD? How is

its stability maintained?

#binance #crypto-exchange #cryptocurrency #english
0

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Karen ✨ |-First Digital

So, FDUSD is a 1:1 USD-backed stablecoin, and its reserves are backed by cash and cash equivalents. Specifically, reserve assets are limited to U.S. dollars, U.S. Treasury Bills, and Overnight Reverse Repurchase Agreements, which are held by First Digital Trust, a qualified custodian, in accounts with regulated depository institutions, providing a solid foundation for the coin's value.

0
24.10.2023

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