First Digital
Stablecoin · Fiat-Backed Regulated · FDUSD
First Digital Labs issues FDUSD, a fiat-backed dollar with reserves held in a Hong Kong registered trust; positioned as the Binance-ecosystem successor to BUSD.
Hong Kong trust-custody dollar stablecoin.
Circulating supply
$350.1M
+0.1% 24h
Latest data · 15 min delay
Stablecoin metrics
Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.
Circulating supply
$350.1M
Member supply sum
# Chains
6
Curated deployment
Reserves, peg & risk
Peg mechanism
Fiat reserve, 1:1 mint/redeem.
Reserves / collateral
Cash and short-term Treasuries held in a Hong Kong trust.
Audit / attestation history
Prescient Assurance monthly attestations.
Chains · EVM: mixed
Deployment notes
BSC-primary, multi-chain.
Reserve composition
Reserve custodian
First Digital Trust (Hong Kong)
Reserve breakdown
Attestation cadence
monthly
Attestor
Prescient Assurance
| Symbol | Name | Role | Class |
|---|---|---|---|
| FDUSD | First Digital USD | HK trust-custody dollar | Stablecoin |
Risk timeline
FDUSD briefly depegged amid solvency allegations; recovered but supply fell from a ~$3B 2024 peak.source
Sources
Attestation page
https://firstdigitallabs.com