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What type of stablecoin is first digital USD?

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The first digital USD stablecoin is typically a fiat-collateralized stablecoin, where the value of the stablecoin is pegged to the US dollar on a 1:1 ratio and is backed by reserves of actual US dollars held in custody. This type of stablecoin provides stability and reliability by ensuring that the value of the stablecoin remains close to the value of the US dollar.

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