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First Digital USD

$326M market cap

Issued by First Digital Trust · reviewed 16 September 2026

Market cap: $326M -1.44% 7d
30-day trend
Volume / market cap: 49.0%
Peg drift, 30 days: 0.28%

Market data as of 16 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

First Digital USD (FDUSD) is a fiat-backed stablecoin pegged to the U.S. dollar, ensuring a 1:1 redemption ratio.

01

Instrument facts

Symbol	FDUSD
Peg	USD
Backing	Fiat backed
Status	Active
Launched	2023
Networks	L1 EVM Ethereum, BNB Chain L1 non EVM Sui, Solana unverified
Specifications	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
Use cases	Trading, Payments

02

Supply by chain

4 chains · $326M total

Chain	Supply
Ethereum	$216M
BSC	$58M
Sui	$44M
Solana	$9M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

6 chains

Chain	Address
Arbitrum One	`0x93c9932e4afa59201f0b5e63f7d816516f1669fe`
Binance Smart Chain	`0xc5f0f7b66764f6ec8c8dff7ba683102295e16409`
Ethereum	`0xc5f0f7b66764f6ec8c8dff7ba683102295e16409`
Solana	`9zNQRsGLjNKwCUU5Gq5LR8beUCPzQMVMqKAi3SSZh54u`
Sui	`0xf16e6b723f242ec745dfd7634ad072c42d5c1d9ac9d62a39c381303eaa57693a::fdusd::FDUSD`
The Open Network	`EQD0Evpk4timFOHmy4Sv3l_KEUXlM-dN1_KhroTCfB2wkO89`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

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.

Figures marked unverified are recorded but not yet independently confirmed.

Compiled from issuer disclosures, on-chain data and market data. First Digital Trust · Methodology