FDUSD
First Digital USDFiat-backedAsia's regulated institutional stablecoin
Official Overview
First Digital USD (FDUSD) is a fiat-backed stablecoin issued by First Digital Labs, regulated under Hong Kong's trust and fiduciary laws. Launched in 2023, FDUSD is primarily distributed through Binance and designed for institutional and retail use in Asia-Pacific markets. Reserves are held in cash and high-quality liquid assets by First Digital Trust Limited, a Hong Kong regulated trust company. FDUSD has rapidly grown to become one of the top stablecoins by market cap, driven by Binance's adoption of it as a primary trading pair.
Market Activity · 12 Months
Price stability · Issuance growth · On-chain mint / burn events
Peg Target
$1.0000
Current Issuance
$395.4M
circulating supply
12-Month Growth
-84.1%
vs 12 months ago
Peak Issuance
$2.59B
12-month high
Max Peg Deviation
1.466%
from $1.00
12-Month Net Flow
+$868.2M
Total Minted
−$2.96B
Total Redeemed
Issuance Growth Curve
Circulating supply over 12 months
-84.1% in 12 months
Mint & Burn Events — Latest 10
Loading on-chain data…
Type
Date
Chain
Amount
Total Supply
Peg
Scanning on-chain events…
Querying Ethereum
Estimated from CoinGecko market cap · Top 25% by daily change · Newest first
Contract Addresses
Always verify the contract address before transacting. Official addresses only.
Supported Chains
Ethereum
ERC-20 standard
BSC
BEP-20, primary Binance chain
Where to Get FDUSD
ArgusMark recommended platforms — vetted for compliance, liquidity, and security.
Technical Details
Peg MechanismFiat-backed — 1 FDUSD backed by $1 in cash and cash equivalents held by First Digital Trust Limited.
Reserve InfoMonthly attestations by independent auditors. Reserves held by First Digital Trust, a Hong Kong regulated trust company.
Audit StatusRegular reserve attestations published. Regulated under Hong Kong's Trust Ordinance.
ArgusMark provides informational analysis only. This is not financial advice. Always conduct independent research before transacting with any stablecoin. Ratings reflect our Observer Network assessment and may not reflect all risks.