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First Digital USD

FDUSDUSD pegStablecoin
Fiat-backed stableFiat reserve (1:1)
UnverifiedPart of First Digital
Hong Kong trust-custody dollar, BSC-primary; recovered partially from its April 2025 depeg.

Historical peg variance

Watch

90-day series · source: DeFi Llama

$1.0000 peg

Chain distribution

Circulating supply by chain · updated 7d ago

DeFi Llama
Ethereum242.3M FDUSD69.2%
BSC55.6M FDUSD15.9%
Sui43.6M FDUSD12.4%
Solana8.5M FDUSD2.4%
Arbitrum44.7K FDUSD0.0%
TON1.1K FDUSD0.0%

Metadata

Peg targetUSD
Sub-categoryStablecoin
IssuerView network
Chains—
Arbitrum nativeNo
LiveNo
Founded—

Links

WebsiteCoinGeckoContract (Arbiscan)

Issuance

Backing & mint/redeem mechanics per the issuer.

DeFi Llama
Peg mechanismFiat-backed

To redeem your FDUSD stablecoin, you must first become a client of First Digital Labs and meet specific requirements, including Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) checks. Upon successful completion of these checks, you can exchange your FDUSD for its equivalent in fiat currency, thereby taking it out of circulation. Alternatively, you can sell your FDUSD tokens on the secondary market through a cryptocurrency exchange or an Over-the-Counter (OTC) provider that supports FD121's stablecoins.

Off-chain facts

  • Risk EventCurated

    FDUSD briefly depegged in April 2025 amid solvency allegations; supply fell from a ~$3B 2024 peak before partially recovering.

    First Digital
Research agent