First Digital USD (FDUSD) Price

$0.99

First Digital USD (FDUSD) Price Today

The live price of First Digital USD is $0.99 USD. In the past 24 hours, the trading volume of First Digital USD was $7.3B USD, with a change of +0.06%. The current live price of First Digital USD has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $1,557,267,548.74 FDUSD, the market cap of First Digital USD is currently $1.5B USD, marking a -26.36% change in the last 24 hours. First Digital USD currently ranks 54 by market capitalization.

First Digital USD (FDUSD) Market Data

Market Cap

$1.5B

24h Volume

$7.3B

Circulating Supply

1.5B FDUSD

Maximum Supply

Fully Diluted Market Cap

$1.5B

Liquidity Indicator

471.18%

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About First Digital USD (FDUSD)

What Is First Digital USD (FDUSD) and How Does It Work?

First Digital USD (FDUSD) is a fiat-collateralized stablecoin designed to maintain a 1:1 peg with the U.S. dollar, offering stability in the volatile cryptocurrency market. Launched in June 2023 by FD121 Limited, a subsidiary of Hong Kong-based First Digital Limited, FDUSD aims to provide a secure and efficient digital currency for various financial applications.

Each FDUSD token is backed by an equivalent amount of U.S. dollars or highly liquid assets, such as U.S. Treasury bills and cash equivalents. These reserves are held in segregated accounts by First Digital Trust Limited, a registered trust company in Hong Kong, ensuring transparency and security. Regular audits and monthly reserve reports are conducted by independent auditors to verify the full backing of FDUSD tokens.

FDUSD operates on multiple blockchain networks, including Ethereum, BNB Chain, Solana, and Sui. This multi-chain approach enhances accessibility and allows users to transact FDUSD across various decentralized platforms.

As a programmable stablecoin, FDUSD can be integrated into smart contracts, enabling automated financial services such as escrow, insurance, and decentralized finance (DeFi) applications without intermediaries.

How Does FDUSD Stablecoin Maintain Its 1:1 Peg with the US Dollar?

Each FDUSD token is backed by an equivalent value in US dollars or highly liquid, low-risk assets, such as U.S. Treasury bills and cash, held in segregated, custodial accounts managed by First Digital Trust Limited, a regulated trust company in Hong Kong.

FDUSD publishes regular “attestation of reserve” reports audited by independent third-party firms. These reports confirm that the total supply of FDUSD in circulation is always matched by corresponding reserves, ensuring that users can redeem FDUSD 1:1 for USD at any time.

The fiat reserves are not co-mingled with corporate funds. They are stored in separate accounts under custodianship to protect user assets from operational or financial risk.

First Digital Trust complies with Hong Kong’s trust regulations, adding an additional layer of legal accountability and financial governance to ensure the stablecoin remains trustworthy.

Users can redeem FDUSD directly with the issuer, reinforcing the 1:1 value anchor. This redemption mechanism deters speculative depegging and supports arbitrage when slight price fluctuations occur on exchanges.

Who Is Behind First Digital USD Stablecoin?

First Digital USD (FDUSD) is a fiat-backed stablecoin launched on June 1, 2023, by FD121 Limited, a subsidiary of Hong Kong-based financial firm First Digital Limited. The stablecoin is designed to maintain a 1:1 peg with the U.S. dollar, providing a stable digital asset for various financial applications.

FDUSD was introduced to the market in June 2023, initially operating on the Ethereum and BNB Chain networks. The stablecoin is fully backed by U.S. dollars or equivalent assets held in segregated accounts by First Digital Trust Limited, a registered trust company in Hong Kong. This structure ensures transparency and security for FDUSD holders.

FDUSD Roadmap and Milestones

• June 2023: FDUSD launched on Ethereum and BNB Chain.

• January 2025: Expanded to the Solana network, integrating with major DeFi protocols.

• March 2025: Announced plans to deploy on Arbitrum, a Layer 2 Ethereum scaling solution, aiming to enhance transaction efficiency and reduce fees.

• Ongoing: Regular monthly reserve reports are published, audited by independent third-party firms, to confirm that the total supply of FDUSD in circulation is fully supported by an equivalent value of cash or cash equivalents held in custody.

What Are the Primary Use Cases of FDUSD?

The First Digital USD stablecoin has several uses, including:

• Cross-Border Transactions: FDUSD facilitates fast and cost-effective international payments, reducing reliance on traditional banking systems.

• DeFi Integration: Users can leverage FDUSD in various DeFi platforms for lending, borrowing, and yield farming, benefiting from its stability.

• Hedging Against Volatility: Traders and investors use FDUSD to mitigate exposure to cryptocurrency price fluctuations.

• Payment Solutions: Merchants and consumers can adopt FDUSD for everyday transactions, taking advantage of lower fees and faster settlements.

You can also trade FDUSD on BingX's spot market, where it is paired with USDT (FDUSD/USDT). This allows for seamless buying and selling of FDUSD, enabling users to manage their stablecoin holdings effectively.

How Does FDUSD Compare to Other Stablecoins Like USDT and USDT?

First Digital USD (FDUSD) distinguishes itself from other major stablecoins like Tether (USDT) and USD Coin (USDC) through its emphasis on transparency, regulatory compliance, and custody structure. Unlike USDT, which has faced criticism for opaque reserve disclosures, FDUSD is backed 1:1 by U.S. dollars or equivalent assets held in segregated accounts by First Digital Trust Limited, a regulated trust company in Hong Kong. It publishes monthly reserve attestations audited by independent third parties, aiming to provide enhanced trust and accountability.

In comparison to USDC, which is issued by Circle and regulated under U.S. frameworks, FDUSD benefits from Hong Kong’s evolving digital asset regulatory environment. FDUSD also supports multi-chain deployment, starting on Ethereum and BNB Chain, and expanding to Solana, Sui, and Arbitrum, enhancing its accessibility across decentralized ecosystems. While all three stablecoins serve similar use cases in payments, trading, and DeFi, FDUSD positions itself as a transparent, fully custodial alternative with growing adoption in Asia and beyond.

Is FDUSD Available on Multiple Blockchain Networks?

First Digital USD (FDUSD) is available on multiple blockchain networks. Initially launched on Ethereum and BNB Chain in mid-2023, FDUSD has since expanded its presence to include Sui, Solana, and, as of May 2025, Arbitrum. This multi-chain deployment enhances FDUSD's accessibility and utility across various DeFi platforms, allowing users to transact and integrate the stablecoin within diverse blockchain ecosystems.

Can FDUSD Be Used in DeFi Applications?

FDUSD is widely integrated into DeFi ecosystems and can be used across multiple blockchain networks. As a fiat-backed stablecoin with strong transparency and reserve backing, FDUSD offers a reliable medium of exchange and store of value within DeFi protocols. Users can deploy FDUSD in lending platforms, decentralized exchanges (DEXs), yield farming pools, and liquidity mining programs. Its stable value makes it ideal for hedging volatility while interacting with on-chain financial products.

FDUSD operates on several major blockchains, including Ethereum, BNB Chain, Solana, and Sui, making it accessible across a broad range of DeFi applications. It’s commonly paired with volatile assets in liquidity pools, allowing users to earn rewards while minimizing exposure to price fluctuations. As its adoption grows, FDUSD continues to expand its role in DeFi by partnering with protocols and integrating into smart contracts that enable programmable, decentralized financial services.

Has First Digital USD Experienced Any Significant Controversies or Events?

First Digital USD (FDUSD) experienced a significant controversy in April 2025 that temporarily disrupted its 1:1 peg to the U.S. dollar. On April 2, Tron founder Justin Sun publicly accused First Digital Trust (FDT), the issuer of FDUSD, of being insolvent and unable to fulfill client fund redemptions. Sun alleged that FDT had misappropriated approximately $456 million of Techteryx's funds, Techteryx being the entity behind the TrueUSD (TUSD) stablecoin, by transferring them to a Dubai-based entity without authorization. These claims led to a sharp market reaction, causing FDUSD to depeg and drop as low as $0.87 before stabilizing around $0.98.

In response, First Digital Trust categorically denied Sun's allegations, asserting that FDUSD remained fully backed by U.S. Treasury bills and cash equivalents. The firm described the accusations as a "smear campaign" aimed at undermining a competitor and announced plans to pursue legal action against Sun for defamation. Despite the turmoil, FDT processed nearly $26 million in FDUSD redemptions to reassure the market of its solvency. The incident highlighted the vulnerability of stablecoins to market sentiment and the importance of transparency and robust reserve management in maintaining investor confidence.

Information source

Official Website

First Digital USD (FDUSD) Price Converter

FDUSD to USD

1 FDUSD = $ 0.99

FDUSD to VND

1 FDUSD = ₫ 26,024.33

FDUSD to EUR

1 FDUSD = € 0.87

FDUSD to TWD

1 FDUSD = NT$ 29.89

FDUSD to IDR

1 FDUSD = Rp 16,297.77

FDUSD to PLN

1 FDUSD = zł 3.75

FDUSD to UZS

1 FDUSD = so'm 12,775.43

FDUSD to JPY

1 FDUSD = ￥ 144.70

FDUSD to RUB

1 FDUSD = ₽ 78.46

FDUSD to TRY

1 FDUSD = ₺ 39.17

FDUSD to THB

1 FDUSD = ฿ 32.61

FDUSD to UAH

1 FDUSD = ₴ 41.36

FDUSD to SAR

1 FDUSD = ر.س 3.74

First Digital USD Price Converter

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.