First Digital USD (FDUSD) is a fiat-backed stablecoin pegged to the U.S. dollar, ensuring a 1:1 redemption ratio.
| Symbol | FDUSD |
| Peg | USD |
| Backing | Fiat backed |
| Status | Active |
| Launched | 2023 |
| Networks | L1 EVM Ethereum, BNB Chain L1 non EVM Sui, Solana |
| 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 |
| Chain | Address |
|---|---|
| Arbitrum One | 0x93c9932e4afa59201f0b5e63f7d816516f1669fe |
| Binance Smart Chain | 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 |
| Ethereum | 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 |
| Solana | 9zNQRsGLjNKwCUU5Gq5LR8beUCPzQMVMqKAi3SSZh54u |
| Sui | 0xf16e6b723f242ec745dfd7634ad072c42d5c1d9ac9d62a39c381303eaa57693a::fdusd::FDUSD |
| The Open Network | EQD0Evpk4timFOHmy4Sv3l_KEUXlM-dN1_KhroTCfB2wkO89 |
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.
First Digital USD (FDUSD) is a fiat-backed stablecoin pegged to the U.S. dollar, ensuring a 1:1 redemption ratio.
Fully backed by cash and cash equivalents, including U.S. Treasury Bills, cash, bank deposits, and reverse repos.
FDUSD is recorded on 4 networks, including Ethereum, BNB Chain, Sui, Solana.
FDUSD has a market capitalization of $300M as of 29 October 2026.