1. FDUSD Key Facts
| Token | FDUSD, or First Digital USD |
|---|---|
| Peg | 1 U.S. dollar |
| Peg type | Fiat-backed stablecoin |
| Issuer | FD121 Limited, under the First Digital Labs brand |
| Custodian | First Digital Trust Limited is described by First Digital Labs as the qualified custodian for reserve assets |
| Initial launch | First Digital Labs announced FDUSD in 2023 |
| Attestation provider | Prescient Assurance, according to the First Digital Labs transparency page |
| Supported chains | Ethereum, BNB Smart Chain, opBNB, Sui, Solana and other listed venues should be checked against live official sources |
| Market data source | CoinGecko and CoinMarketCap live FDUSD pages, checked May 7, 2026 |
2. Backing and Reserve Composition
First Digital Labs describes FDUSD as fully backed by cash and cash-equivalent reserve assets. It says reserve assets are held in segregated accounts with qualified financial institutions and that reserve holdings are intended to support one-to-one redemption.
| Reserve field | Public description |
|---|---|
| Reserve type | Cash and cash equivalents, according to First Digital Labs |
| Custody | Segregated reserve accounts with qualified financial institutions |
| Attestation | Independent reserve attestations published on the First Digital Labs transparency page |
| Live reserve amount | Use the latest transparency report because reserve balances and FDUSD supply change over time |
3. Audit and Attestation Status
First Digital Labs publishes FDUSD reserve attestations on a transparency page. The page identifies Prescient Assurance as the independent attestation provider. These reports are point-in-time reserve attestations rather than live reserve feeds.
For current reserve data, use the latest FDUSD transparency report because token supply, reserve amount, and chain distribution can change month to month.
4. Redemption Mechanism
First Digital Labs describes FDUSD as redeemable one-to-one for U.S. dollars, subject to its terms, account onboarding, and eligibility. Trading FDUSD through an exchange or on-chain liquidity pool is different from direct issuer redemption because venue prices depend on liquidity, fees, routing, and access.
5. Market Cap, Price and Exchanges
FDUSD market cap, price, volume, and exchange listings update continuously. On May 7, 2026, CoinGecko's live FDUSD page showed a multi-billion-dollar market cap, price near $1.00, and active markets on centralized and decentralized venues. Use CoinGecko or CoinMarketCap for current intraday figures.
| Current market cap | Use live CoinGecko or CoinMarketCap data because the figure updates intraday |
|---|---|
| Live price source | CoinGecko and CoinMarketCap FDUSD pages list live price, volume, supply, and markets |
| Exchange examples | Market data pages list Binance-linked pairs and other venues; availability varies by jurisdiction and venue |
6. Supported Chains and Contract Addresses
FDUSD is available on multiple chains. Market data pages and official sources list Ethereum, BNB Smart Chain, opBNB, Sui, and Solana among supported networks. Contract addresses should be checked against First Digital Labs, official exchange deposit pages, and block explorers before use.
| Chain | FDUSD contract / token address |
|---|---|
| Ethereum | 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 |
| BNB Smart Chain | 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 |
Before sending FDUSD, check the recipient address
Stablecoin reserves do not verify the destination wallet. If you are sending FDUSD to an EVM address, scan the address for blacklist and behavior signals first.
Open Address Risk Checker7. Holder Yield and DeFi Yield Comparison
FDUSD itself is a stablecoin token, not a built-in yield token. Any yield shown by an exchange, lending market, or DeFi protocol comes from that venue's separate mechanics and terms.
Compare live USDT and USDC DeFi rates
Earning yield on stablecoins? Check current USDT and USDC APY across Aave, Compound, Spark, Fluid and other tracked DeFi markets.
8. Comparison Data Points
This page is not a recommendation or a full stablecoin comparison. The fields below are the data points to compare when looking at FDUSD next to USDT, USDC, PYUSD, USD1, or USDS.
| Market cap | CoinGecko and CoinMarketCap live market cap pages |
|---|---|
| Reserve composition | Cash and cash equivalents, according to First Digital Labs |
| Issuer | FD121 Limited |
| Attestation provider | Prescient Assurance, according to First Digital Labs transparency materials |
| Direct redemption | One-to-one redemption subject to issuer terms, onboarding, and eligibility |
| Holder yield | No built-in token yield; third-party products may have separate yield mechanics |