FDUSD • Regulatory-compliant USD stablecoin
Fiat BackedSources: Market data analysis
Trading at $0.9997 with strong peg maintenance. $8.47B daily trading volume (3rd highest by volume). $2.37B market cap (8th largest stablecoin overall) with 16% monthly increase in June 2025.
Sources: BeInCrypto, PR Newswire
Arbitrum launch in June 2025 for L2 scaling, Solana integration January 15, 2025, SUI Network end of 2024. Multi-chain strategy reducing Ethereum dependency with comprehensive cross-chain presence.
Sources: Multiple exchange announcements
All BUSD converted to FDUSD (Feb 2024) in seamless 1:1 process. Captured significant portion of $23B BUSD market as primary Binance USD stablecoin with strong user adoption.
Sources: Decrypt, industry reports
April 2025: Justin Sun accused FDUSD of insolvency causing temporary depeg. First Digital provided backing evidence, initiated defamation lawsuit. All redemptions fulfilled, peg restored, demonstrating crisis management.
Sources: Binance trading data
Despite July 2025 trading pair adjustments, Binance still holds 94% of FDUSD circulation. High exchange concentration provides liquidity but creates dependency risk. Deep Binance integration with zero-fee promotions.
Sources: First Digital Trust reports
Hong Kong base provides regional regulatory advantage. Strong banking relationships for traditional finance integration. Regulatory-first strategy with transparent backing approach and compliance focus.
Regulatory-compliant USD stablecoin
First Digital USD is a fiat-backed stablecoin, meaning its value is maintained through reserves of traditional currencies, primarily US Dollars. This backing mechanism provides stability and regulatory compliance, making it suitable for mainstream financial applications.
FDUSD is issued by FD121 Limited with native deployments across 5 major blockchains. Designed for Asian markets with global expansion, featuring bankruptcy-remote reserves and monthly transparency reports.
| Network | Standard | Explorer |
|---|---|---|
| BSC | BEP-20 | BSCScan |
| Ethereum | ERC-20 | Etherscan |
| Arbitrum | ERC-20 | Arbiscan |
| Solana | SPL | Solscan |
| Sui | Native | SuiScan |
| Component | Details | Status |
|---|---|---|
| Issuer | FD121 Limited | Hong Kong based |
| Parent | First Digital Labs | Financial services |
| Reserves | Segregated accounts | Bankruptcy remote |
| Audits | Monthly reports | Independent attestation |
| Network | TPS | Block Time | Avg Fee |
|---|---|---|---|
| BSC | ~100 | 3s | $0.10 |
| Ethereum | ~15 | 12s | $5-50 |
| Arbitrum | ~4,000 | 250ms | $0.01 |
| Solana | ~3,000 | 400ms | $0.0002 |
| Sui | ~5,880 | 400ms | $0.001 |
| Region | Strategy | Integration |
|---|---|---|
| Asian Markets | Primary focus | Exchange listings |
| DeFi Protocols | Solana ecosystem | Kamino, Raydium |
| L2 Scaling | Arbitrum deployment | Camelot DEX |
| Next-Gen L1 | Sui blockchain | High throughput |
FDUSD launched with comprehensive blockchain coverage from day one, targeting Asian markets while maintaining global accessibility. Native deployments across 5 major networks provide flexibility for regional preferences and use case optimization.