Digital Assets

First Digital USD (FDUSD)

per FDUSD · FDUSD-USD

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About First Digital USD (FDUSD)

First Digital USD (FDUSD) is a stablecoin issued by First Digital Trust in Hong Kong, backed 1:1 by US dollar reserves held in segregated accounts at qualified custodians. It has rapidly grown to become one of the top stablecoins by volume, largely driven by adoption on Binance.

Why Investors Watch First Digital USD (FDUSD)

FDUSD emerged as Binance's preferred stablecoin alternative after BUSD was forced to wind down. Its Asia-Pacific origin and Hong Kong regulatory framework make it significant in the context of Asian crypto market infrastructure. Its rapid growth in trading volume demonstrates how quickly stablecoin market share can shift based on exchange relationships.

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