First Digital USD (FDUSD) is a fiat-backed stablecoin pegged to the U.S. dollar, ensuring a 1:1 redemption ratio.
Key Data
| Backing | Fully backed by cash and cash equivalents, including U.S. Treasury Bills, cash, bank deposits, and reverse repos. |
| Reserve Reporting | Monthly |
| Redemption | FDUSD tokens are redeemable 1:1 for U.S. dollars, with services available to eligible clients meeting AML and CTF checks. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2023 |
Supported Networks
Cross-Chain Supply ($349M total)
Use Cases
First Digital USD (FDUSD) is a stablecoin issued by FD121 (BVI) Limited / First Digital Labs. It is pegged to the U.S. dollar and actively traded in the crypto market. Reserves are custodied with First Digital Trust Limited (the trust company), which is a separate entity from the issuer of record.
FDUSD maintains its peg through full backing by cash and cash equivalents, allowing for 1:1 redemption with the U.S. dollar.
FDUSD's reserves are composed of U.S. Treasury Bills, cash, bank deposits, and reverse repos, with monthly attestations by independent auditors.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.