FDUSD
First Digital USD
active
Fiat Backed
Market Cap $384M
First Digital USD (FDUSD) is a fiat-backed stablecoin maintaining a 1:1 peg with the U.S. dollar, issued by First Digital Trust.
Key Data
| Backing | Fully backed by cash and cash equivalents. |
| Auditor | Independent third-party firms based in Hong Kong. |
| Reserve Reporting | Monthly reserve reports are published. |
| Redemption | FDUSD tokens are redeemable 1:1 for U.S. dollars, subject to AML and CTF checks. |
| Peg Currency | USD |
| Launched | 2023 |
Supported Networks
EthereumBNB ChainSuiSolana
Overview
First Digital USD (FDUSD) is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, issued by First Digital Trust.
How It Works
FDUSD is fully backed by cash and cash equivalents, ensuring a 1:1 redemption ratio with the U.S. dollar.
Reserve Backing
The reserves are held in fully segregated accounts by a licensed custodian, with monthly attestations by independent third-party firms.
Supported Networks
FDUSD is available on Ethereum, BNB Chain, Sui, and Solana.