First Digital

Stablecoin · Fiat-Backed Regulated · FDUSD

NetworkStablecoinFiat-Backed RegulatedRecently-Exploited1 coinsAudited

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

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Risks identified

Smart Contract
On-chain logic upgrades, bugs, or parameter errors can impair user funds.
Market
Token, collateral, or peg volatility affects protocol solvency and user outcomes.
Liquidity
Thin markets make exits, liquidations, or redemptions harder during stress.
Peg
Stablecoin may de-peg under reserve, liquidity, or confidence stress.