Price change (24h):
0.01%
High (24h):
$0.998033
Low (24h):
$0.997544
Volume (24h):
$33.56M
Market Cap:
$336.84M
All Time High:
13.33% $1.15
Feb 3, 2025
All Time Low:
6% $0.94
Dec 5, 2024
0.05 %(1Y)
$0.997996
Price change (24h):
0.01%
High (24h):
$0.998033
Low (24h):
$0.997544
Volume (24h):
$33.56M
Market Cap:
$336.84M
All Time High:
13.33% $1.15
Feb 3, 2025
All Time Low:
6% $0.94
Dec 5, 2024
First Digital USD (FDUSD) is a fiat-collateralized stablecoin launched in 2023. It anchors its value to the United States dollar through an equivalent reserve of cash and cash equivalents.
The asset serves as a programmable dollar for decentralized finance and commerce, tackling the twin problems of cryptocurrency volatility and the sluggishness of traditional wire transfers. By offering redeemability at par with minimal transaction fees, it displaces correspondent banking intermediaries. Settlement finality occurs on-chain within seconds, regardless of geographic borders.
First Digital USD operates on the Ethereum network. Natively minted versions also circulate on BNB Chain, Solana, Sui, Arbitrum, and The Open Network, forming a multi-chain liquidity backbone without relying on bridges for core issuance.
Technically, the token conforms to the ERC-20 standard on Ethereum, BEP-20 on BNB Chain, and SPL on Solana, with equivalent token specifications on Sui and Arbitrum. This polymorphic structure allows smart contract composability across heterogeneous virtual machines, from the Ethereum Virtual Machine to Move-based environments.
The issuer, First Digital, was founded in 2019 as a regulated trust company in Asia, positioning itself as a conduit between legacy banking and digital asset infrastructure. FDUSD itself went live on-chain in 2023, drawing on years of institutional groundwork. A cornerstone principle—bankruptcy remoteness—was embedded early, ring-fencing reserves in a segregated trust to insulate token holders from any issuer insolvency.
Beyond mere price stability, the overarching thesis is the creation of a trusted, always-redeemable digital dollar that functions identically across markets, from decentralized exchanges to institutional treasury settlements. Reserves composed of high-quality liquid assets and held in segregated accounts aim to eliminate both credit risk and fractional-reserve ambiguity.
Mechanically, FDUSD acts as a settlement layer for trades, a base asset in lending pools, and a stable unit for yield strategies. Users can transfer it peer-to-peer for near-zero fees, then redeem the balance for US dollars via First Digital’s off-ramp, with reserve attestations published regularly. The token’s architecture is bankruptcy remote, meaning reserves cannot be seized to satisfy the issuer’s creditors.
Liquidity providers allocate FDUSD to automated market makers to capture swap fees without exposure to impermanent loss’s directional volatility. Arbitrageurs exploit on-chain/off-chain discrepancies to keep the peg tight. Cross-border businesses settle invoices in FDUSD, bypassing SWIFT delays and heavy FX spreads.
First Digital USD has a total supply of 415,483,103.16 tokens. Currently, 415,483,103.16 tokens are in circulation. With a market capitalization of $414,825,484, First Digital USD ranks #114 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 14/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 13/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 12/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 11/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 10/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 09/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 08/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 07/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
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