First Digital USD

FDUSD Price

About First Digital USD (FDUSD)

First Digital USD (FDUSD) is a fully collateralized stablecoin designed to combine the stability of fiat reserves with the efficiency of blockchain technology.

• 1:1 Backing: Every token is intended to be redeemable for one US Dollar, backed by cash and cash equivalents held in segregated accounts.
• Multichain Availability: The asset is natively issued or supported across multiple networks, including Ethereum, BNB Chain, Solana, Sui, Arbitrum, and TON.
• Regulated Issuance: Issued by First Digital Labs, the token operates under a compliance-first framework with monthly third-party attestations of its reserves.

What Is First Digital USD

First Digital USD is a digital representation of the US Dollar that facilitates frictionless value transfer across decentralized networks. Its primary value proposition is providing a programmable, stable medium of exchange that bridges traditional finance with the digital economy. Value moves through the system as users mint FDUSD by depositing fiat with the issuer or acquire it through secondary markets to participate in decentralized finance (DeFi) or payments.

The token is put to work as a liquidity source in automated market makers and as a stable unit of account for on-chain services. As the ecosystem grows, FDUSD scales by integrating with new blockchain protocols and institutional banking infrastructures, such as its partnership with Singapore Gulf Bank, to streamline global operations. Unlike speculative assets, its growth is driven by the expansion of its utility in cross-border settlements and institutional treasury management.

What Makes First Digital USD Unique

• Bankruptcy Remote Structure: Reserves are held in segregated accounts by a registered trust company, ensuring they are legally separated from the issuer’s operational funds.
• High Transparency Standards: First Digital Labs publishes monthly attestation reports and employs security firms like Quantstamp to audit its technical architecture.
• Broad Ecosystem Integration: FDUSD is integrated into major protocols such as Aave, PancakeSwap, and Uniswap, providing deep secondary market liquidity.
• Asia-Pacific Rooted: Established in 2019, First Digital is a prominent Asia-based trust partner, offering a distinct regional alternative to Western-issued stablecoins.

What Can You Use First Digital USD for?

First Digital USD is pegged to the US Dollar. Drawning on its reserve-backed design, it supports the following use cases:

1. Value retention: Users can hold a digital representation of the US Dollar on-chain to reduce exposure to the volatility of the broader cryptocurrency market while maintaining 24/7 availability of their funds.
2. Yield generation: FDUSD can be utilized in decentralized lending protocols or liquidity-provisioning pools. Integrations with platforms like Quantus.fi further expand institutional yield solutions for holders.
3. Cross-border settlement / value transfer: The token enables near-instant international remittances and settlements for global trade, bypassing the delays and high costs associated with traditional banking systems.
4. Collateralization: FDUSD is used as backing for borrowing and lending protocols, such as Aave, and can serve as margin for derivatives trading on supported exchanges.

How Does First Digital USD Work?

First Digital USD operates through a mint-and-burn mechanism managed by First Digital Labs. To mint new tokens, eligible institutional clients deposit US Dollars or equivalent assets with a licensed custodian. Once the collateral is verified and held in segregated accounts, the corresponding amount of FDUSD is issued on the user's chosen blockchain, such as Ethereum. Redemptions follow the reverse process, where tokens are burned to release the underlying fiat.

Transactions involving FDUSD on-chain incur protocol service fees, which are paid in the native asset of the host network (e.g., ETH on Ethereum). The stablecoin itself is not a network gas token but functions as an application utility token within the dApps it powers. Its multi-layered security approach includes legal segregation of assets and technical audits to maintain the integrity of the 1:1 peg.

Team Info and Investors

First Digital USD is issued by First Digital Labs, a brand under First Digital, which was established in 2019. The company is Asia’s leading multi-faceted trust partner, specializing in bridging traditional financial services with digital assets. While the specific early-stage venture capital backers are not detailed in public sources, the project maintains an extensive ecosystem of partners including Binance, Fireblocks, and Cumberland. Governance is centralized under the issuer's regulatory and compliance framework, with monthly attestations provided by independent third-party entities to verify the status of the reserves.

Where can you buy First Digital USD?

FDUSD tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade First Digital USD is Binance, where the most active trading pair FDUSD/USDT has a trading volume of $16,238,735.60 in the last 24 hours. Other popular options include Gate and Toobit.

What is the daily trading volume of First Digital USD (FDUSD)?

The trading volume of First Digital USD (FDUSD) is $78,021,713.45 in the last 24 hours, representing a 21.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for First Digital USD (FDUSD)?

First Digital USD (FDUSD) reached an all-time high of $1.15 and an all-time low of $0.9404. It’s now trading -13.20% below that peak and 6.30% above its lowest price.

What is the market cap of First Digital USD (FDUSD)?

Market capitalization of First Digital USD (FDUSD) is $324,785,364 and is ranked #144 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FDUSD tokens (330 Million tokens are tradable on the market today).

What is the fully diluted valuation of First Digital USD (FDUSD)?

The fully diluted valuation (FDV) of First Digital USD (FDUSD) is $324,785,364. This is a statistical representation of the maximum market cap, assuming total number of 330 Million ETH tokens are in circulation today.

How does the price performance of First Digital USD compare against its peers?

With a price increase of 0.10% in the last 7 days, First Digital USD (FDUSD) is underperforming the global cryptocurrency market which is up 4.60%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.70%.

How to add First Digital USD (FDUSD) to MetaMask?

Adding First Digital USD (FDUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FDUSD as a token. You can copy FDUSD’s contract address (0xc5f0f7b66764f6ec8c8dff7ba683102295e16409) and import it manually, or if you've installed MetaMask's chrome extension, add FDUSD to MetaMask with one click on CoinGecko.

Add FDUSD to MetaMask.