FDUSD Stablecoin Nears $1 Billion Cap in Rapid 120-Day Surge
In just 120 days since its launch on August 4, 2023, the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), has surged, approaching the $1 billion mark with a remarkable 253% increase in supply.
As of December 2, 2023, the circulating supply of FDUSD has reached approximately 921 million tokens. With only 224 holders, FDUSD has modestly transacted on-chain 1,471 times. Notably, Binance dominates the FDUSD landscape, with its top three addresses holding 90.96%, 7.65%, and 0.81% of the total supply, respectively.
Wintermute and an unidentified owner follow, each holding 0.16% and 0.10% of the supply. The top 100 holders collectively possess nearly the entire circulating supply, amounting to 921,269,821.68 FDUSD tokens. Although the sixth-largest USD-pegged token by market capitalization, FDUSD lags behind BUSD, TUSD, and DAI, and giants like USDC and USDT surpass it, while it still maintains a larger supply compared to newer entrants like PYUSD, USDD, and GUSD.
Clever Robot News Desk 5th December 2023
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