For the file file.txt:
sed -i 's/abc/abcd/g' file.txt
For all files in the current folder:
find . -maxdepth 1 -type f -exec sed -i 's/abc/abcd/g' {} \;
For the files in the current directory and all subdirectories:
find . -type f -exec sed -i 's/abc/abcd/g' {} \;