First Digital USD fdusd
What is First Digital USD?
First Digital USD (FDUSD) is a fiat-referenced stablecoin designed to track one U.S. dollar. It is issued under the First Digital Labs ecosystem for trading, settlement and on-chain transfers.
What problem does First Digital USD solve?
Crypto markets need a stable unit of account. FDUSD provides a dollar-linked token for quoting, transferring and parking value on-chain.
How does First Digital USD work?
FDUSD is minted when eligible customers provide fiat. It is represented by smart contracts on Ethereum and BNB Chain. Redemption takes tokens out of circulation. Primary issuance requires eligibility and compliance checks.
Key facts
- Ticker: FDUSD
- Launched: 2023
- USD-linked stablecoin
- Ethereum and BNB Chain
- 1:1 reserve backing target
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Frequently asked questions
What is FDUSD?
A U.S.-dollar-linked stablecoin backed 1:1 by reserve assets.
Which chains support FDUSD?
Ethereum and BNB Chain.
External trackers
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