First Digital USD (FDUSD) is a stablecoin pegged 1:1 to the US dollar and was introduced in June 2023. It is issued by FD121 Limited, a subsidiary of First Digital Limited, a financial firm based in Hong Kong. FDUSD aims to bring stability and reliability to the highly volatile cryptocurrency market. Each FDUSD is backed by either one US dollar or an equivalent asset held in reserve, ensuring a steady value that helps to minimize the risks linked to price fluctuations seen in other cryptocurrencies.
First Digital USD (FDUSD) operates on Ethereum and BNB Chain networks, following ERC-20 and BEP-20 token standards for compatibility with decentralized applications and cryptocurrency exchanges. The stablecoin's reserves are held in segregated accounts by First Digital Trust Limited in Hong Kong, ensuring the integrity and security of the 1:1 backing. Transparency is a key feature, with an "attestation of reserve" report audited by independent auditors to demonstrate full support for the circulating supply. FDUSD's programmability enables integration with smart contracts for various DeFi activities, and its fast transaction speeds and low fees make it suitable for cross-border payments and everyday transactions.
FDUSD's total supply and circulating supply both amount to 2,934,157,267.
Consider investing in First Digital USD (FDUSD)? It only takes 2 minutes to create an account on Bitget and start trading FDUSD.
Check out the available FDUSD trading pairs on Bitget!
Spot market
Buy First Digital USD in Monaco with Bitget