First Digital USD PriceFDUSD

As of July 1, 2025, the cryptocurrency market is experiencing significant developments across various sectors, including market performance, regulatory changes, institutional investments, and technological advancements.

Market Performance

Bitcoin (BTC) is currently trading at $106,557, reflecting a slight decrease of 0.91% from the previous close. The intraday high reached $107,937, with a low of $106,530. Ethereum (ETH) stands at $2,455.69, down 0.167% from the previous close, with an intraday high of $2,519.37 and a low of $2,443.22. Other notable cryptocurrencies include Binance Coin (BNB) at $652.71, XRP at $2.20, and Cardano (ADA) at $0.562689.

Regulatory Developments

In the United States, President Donald Trump signed Executive Order 14178 on January 23, 2025, titled "Strengthening American Leadership in Digital Financial Technology." This order prohibits the establishment, issuance, or promotion of a central bank digital currency (CBDC) and mandates the creation of a federal regulatory framework for digital assets within 180 days. Additionally, the order revokes previous directives related to digital assets, signaling a shift in the U.S. government's approach to cryptocurrency regulation.

In Europe, the Markets in Crypto-Assets (MiCA) regulation, fully applicable since December 2024, aims to standardize the adoption of blockchain and distributed ledger technology across the EU. MiCA provides a comprehensive framework for digital asset regulation, ensuring user and investor protection while fostering innovation in the crypto space.

Institutional Investments

GameStop, the U.S.-based video game retailer, announced the purchase of 4,710 bitcoins, valued at approximately $512 million. This strategic move positions GameStop among a growing list of companies incorporating Bitcoin into their corporate treasury strategies, reflecting a broader trend of institutional adoption of cryptocurrencies.

Technological Advancements

Ethereum's latest upgrade, known as "The Surge," focuses on enhancing scalability and reducing transaction fees. Key features include Proto-Danksharding (EIP-4844), which aims to lower Layer 2 transaction costs, and staking reforms that offer higher yields for validators. These improvements have contributed to Ethereum's price reaching $8,200, marking a 45% year-to-date increase.

Global Adoption

The global number of cryptocurrency owners reached 700 million in April 2025, indicating a significant increase in adoption. This growth is accompanied by regulatory advancements, such as Crypto.com obtaining restricted dealer registration in Canada and signing a Memorandum of Understanding with Dubai Islamic Bank to facilitate Sharia-compliant platforms and cryptocurrency payments.

Market Dynamics

The crypto market is poised for substantial token unlocks in early July 2025, with projects like Sui (SUI), Ethena (ENA), and ZetaChain (ZETA) collectively introducing over 129 million tokens into circulation. These unlocks represent significant portions of their respective circulating supplies and could impact market dynamics and price movements.

Conclusion

The cryptocurrency market on July 1, 2025, is characterized by a blend of regulatory developments, institutional investments, technological advancements, and increasing global adoption. These factors collectively contribute to the evolving landscape of digital assets, presenting both opportunities and challenges for investors and stakeholders.

First Digital USD (FDUSD) is a stablecoin pegged 1:1 to the US dollar, introduced in June 2023 by FD121 Limited, a subsidiary of First Digital Limited, a Hong Kong-based financial firm. Designed to provide stability and reliability in the volatile cryptocurrency market, each FDUSD token is backed by one US dollar or an equivalent asset held in reserve, ensuring a steady value and minimizing risks associated with price fluctuations.

Key Features of FDUSD:

• Transferability: FDUSD facilitates seamless transactions, making it a convenient choice for various applications.

• Redeemability: Holders can redeem FDUSD tokens for their equivalent value in US dollars, backed by high-quality reserves.

• Low Transaction Fees: FDUSD offers cost-effective transactions with minimal fees compared to traditional financial systems.

• Decentralized Operations: Operating on decentralized networks enhances transparency, security, and resilience.

• Bankruptcy Remoteness: Reserves are held in segregated accounts within a registered trust company, separate from the issuer's operational accounts, ensuring stability and security.

Technical Infrastructure:

FDUSD operates on Ethereum and BNB Chain networks, adhering to ERC-20 and BEP-20 token standards. This compatibility allows integration with decentralized applications and cryptocurrency exchanges. Reserves are maintained in segregated accounts by First Digital Trust Limited in Hong Kong, ensuring the 1:1 backing. Transparency is upheld through independent audits, with attestation of reserve reports demonstrating full support for the circulating supply. FDUSD's programmability enables integration with smart contracts for various DeFi activities, and its fast transaction speeds and low fees make it suitable for cross-border payments and everyday transactions.

Market Performance:

As of July 1, 2025, FDUSD has a circulating supply of approximately 1.48 billion tokens, with a market capitalization of $1.48 billion, ranking it #53 among cryptocurrencies. The stablecoin maintains a value close to $1, with an all-time high of $1.06 and an all-time low of $0.8811. The 24-hour trading volume stands at $3.61 billion, indicating active market participation.

Listing on Bitget Exchange:

Bitget, a leading cryptocurrency exchange, listed FDUSD in its Innovation and Stablecoins Zone on May 24, 2024. The listing schedule was as follows:

• Deposit Available: Opened

• Trading Available: May 24, 2024, 11:00 (UTC)

• Withdrawal Available: May 25, 2024, 12:00 (UTC)

To celebrate the listing, Bitget launched promotional activities, including a staking event where users could stake USDT to mine FDUSD, and a trading promotion offering a share of $24,000 worth of FDUSD to participants who reached a spot trading volume of 100 USDT in FDUSD/USDT pairs during the promotion period.

Use Cases and Applications:

FDUSD serves multiple purposes within the cryptocurrency ecosystem:

• Protection Against Volatility: Investors use FDUSD to shield assets from the high volatility of the cryptocurrency markets, storing funds in FDUSD to stabilize value while awaiting trading opportunities.

• Money Transfer: FDUSD enables low-cost, fast transactions without the need for centralized verification, eliminating the cost, time, and authorization limitations associated with fiat currency transfers.

• DeFi Integration: FDUSD's compatibility with smart contracts allows integration into various decentralized finance applications, including lending, borrowing, and yield farming.

Comparison with Other Stablecoins:

FDUSD distinguishes itself from other stablecoins like USD Coin (USDC) and Tether (USDT) through its operational framework and backing mechanisms. While USDC is issued by a consortium including Coinbase and Circle, and USDT by Tether Limited, FDUSD is issued by FD121 Limited, a subsidiary of First Digital Limited. All three stablecoins maintain a 1:1 peg to the US dollar, but FDUSD emphasizes its bankruptcy-remote design and segregated reserves held by a registered trust company, enhancing security and trust.

Future Outlook:

The market value of FDUSD currently stands at $1.48 billion, with a market ranking of #53. As the cryptocurrency market evolves, FDUSD's value is expected to increase, especially if it plays a greater role in practical applications, such as partnering with more businesses and expanding its user base. Based on historical price performance prediction models, FDUSD's price is projected to reach $1.14 in 2026 and $2.45 by 2031, with a cumulative ROI of +145.81%.

Conclusion:

First Digital USD (FDUSD) offers a stable and reliable digital asset backed by high-quality reserves and operates on decentralized networks. Its integration into platforms like Bitget Exchange and compatibility with various DeFi applications position it as a significant player in the stablecoin market. As the cryptocurrency landscape continues to develop, FDUSD's emphasis on security, transparency, and usability will likely contribute to its sustained growth and adoption.