Market cap
$323.96M
0.01 %
Volume (24h)
$42.94M
0.01 %
Circulating supply
1,149,390,541 FDUSD
Total supply
1,149,390,541 FDUSD
First Digital USD (FDUSD)
$ 1.00
0.01 %
Main info
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Key data
updated $0Market cap$323.96M
Volume 24h$42.94M
Circulating supply1.15B
All-time high$1.15-13% from peak · 2025-02-02
First Digital USD (FDUSD) is a stablecoin — a cryptocurrency designed to keep its value pegged to the US dollar, so 1 FDUSD aims to trade at $1. It is issued by First Digital, a Hong Kong-based company focused on digital asset infrastructure. In simple terms, it works like a digital dollar: instead of holding physical cash, you hold tokens backed by reserves.
Frequently asked questions
What is FDUSD and how is it different from other stablecoins?
FDUSD is a US dollar-pegged stablecoin issued by First Digital Labs. Its main differences from competitors like USDT or USDC come down to the issuer, the reserve structure, and its strong focus on the Asian market. Like other fiat-backed stablecoins, each token is designed to be redeemable for one US dollar held in reserve.
How does FDUSD work technically?
FDUSD lives on multiple blockchains, most notably Ethereum and BNB Chain, as an ERC-20 style token. Transfers work like any standard token transfer on those networks, which makes it cheap and fast to move. The peg is maintained off-chain through reserves rather than by any algorithmic mechanism.
How is FDUSD issued and backed?
New tokens are minted when users or institutions deposit US dollars with the issuer, and burned when tokens are redeemed for cash. Reserves are held in cash and short-dated US Treasury instruments, with regular attestations published to show the reserves match or exceed the circulating supply. This is the standard fiat-backed model, not a decentralized one.
How can you store and use FDUSD?
You can store FDUSD in any wallet that supports the chains it runs on, such as MetaMask or hardware wallets like Ledger. It is commonly used for trading pairs on exchanges, moving funds between platforms, and parking value during market volatility without converting to fiat. Always check that your chosen wallet or exchange actually supports FDUSD before sending it.