First Digital USD is a stablecoin that represents one US dollar on blockchain networks. Each FDUSD token is intended to be backed 1:1 by reserves held by the issuer. Users can transfer FDUSD on supported blockchains, use it for trading or payments, and rely on its stable value relative to the US dollar. Its design allows it to function as a digital settlement asset within the crypto ecosystem.

FDUSD is issued by First Digital Trust, a Hong Kong based trust company that specializes in digital asset custody and financial services. The issuer is responsible for managing reserves, minting and redeeming tokens, and maintaining the stablecoin’s peg. Issuance and redemption processes are handled through regulated trust and custodial frameworks rather than decentralized governance.

FDUSD is designed to be fully backed by US dollar denominated reserves and highly liquid cash equivalents. The issuer states that reserves are maintained to match or exceed the number of tokens in circulation. This backing model is intended to support 1:1 redemption and maintain confidence in the stablecoin’s ability to hold its dollar value.

FDUSD is deployed across multiple blockchain networks, including Ethereum and several high throughput chains. This multi chain approach allows users to choose networks based on transaction speed, fees, and application availability. Supporting multiple blockchains also improves accessibility and liquidity across different crypto ecosystems.

FDUSD is primarily used for trading, payments, and settlement within cryptocurrency markets. Its stable value makes it suitable for storing value, moving funds between exchanges, and participating in decentralized finance applications. Businesses and users can also use FDUSD for cross border transfers without exposure to price volatility.

FDUSD differentiates itself through its issuer structure, regional regulatory positioning, and multi chain deployment strategy. Rather than being tied to a single blockchain or ecosystem, it aims to operate across multiple networks. Its focus is on providing a regulated, institution friendly stablecoin alternative for global crypto markets.

First Digital USD is issued by a regulated trust entity operating under Hong Kong’s financial framework. This regulatory context governs custody, reserve management, and operational standards. While FDUSD itself is a blockchain token, its issuance and backing are subject to oversight through the issuer’s regulatory obligations.

Yes, FDUSD can be used in decentralized finance applications where supported. Its stable price makes it suitable for lending, borrowing, liquidity provision, and settlement within DeFi protocols. Integration depends on platform support and network compatibility rather than protocol level restrictions.

FDUSD maintains price stability through reserve backing and redeemability. The ability to mint and redeem tokens at a fixed 1:1 ratio with the US dollar helps keep market prices aligned with the peg. Market arbitrage and liquidity on exchanges also contribute to maintaining price stability.

The current First Digital USD price is $1.00. The First Digital USD price has changed by 0.010602162107861739% in the last 24 hours.

The current market capitalization is $397,022,886. This represents the total value of all circulating tokens at the current price.

There are currently 4,035 unique addresses holding First Digital USD. The top 10 holders control approximately 86% of the total supply.

The 24-hour trading volume is $28,315,422. This represents the total value of all trades executed in the last 24 hours across all exchanges.

First Digital USD is available for trading on various centralized exchanges (CEX) like Binance, Cetus, BVOX and decentralized exchanges (DEX) like PancakeSwap V3 (BSC). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The primary contract address is 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 on the ethereum blockchain. This is where the token's core functionality is implemented.

The all-time high for First Digital USD was $1. This represents the highest price the token has ever reached.