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The FDUSD/USD Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 1 year ago on September 9, 2024  •  Hassan Maishera

The API3 team announced via X on Saturday that the FDUSD/USD Exchange Rate is now available on the API3 Market.

The FDUSD/USD Exchange Rate Launches on the API3 Market

The API3 team announced via X on Saturday that the FDUSD/USD Exchange Rate is now available on the API3 Market. $FDUSD is a 1:1 USD-backed stablecoin by FD Labs.

Thanks to this latest development, the new data feed is now available on 37 blockchain networks. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.335, up 1% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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