FDUSD soared to 5th rank among fiat-backed cryptos with $1.6 billion market cap

In the two weeks since Dec. 2, 2023, the stablecoin asset First Digital USD (FDUSD) has significantly expanded its supply, adding 690 million coins.

As of Dec. 17, the surge brought its market capitalisation to an impressive $1.61 billion.

This growth represented a substantial increase of 74.92% for the U.S.-dollar-pegged token.

The expansion of FDUSD's supply demonstrates its rising adoption and potential in the digital asset market.