First Digital USD (FDUSD) is an issuer-backed stablecoin targeting one US dollar. The current issuer is FD121 (BVI) Limited, operating through First Digital Labs; it is not a bank. FDUSD is available on multiple host networks, rather than running its own blockchain.
stablecoins First Digital USD
First Digital USD
(FDUSD)
First Digital USD (FDUSD) is an issuer-backed stablecoin targeting one US dollar. The current issuer is FD121 (BVI) Limited, operating through First Digital Labs; it is not a bank. FDUSD is available on multiple host networks, rather than running its own blockchain.
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What is First Digital USD?
Answer sources checked
20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does First Digital USD work?
FDUSD is issued against reserves described as cash and cash-equivalent assets, with tokens circulating on supported blockchains. The issuer publishes reserve attestations and offers eligible account holders subscription and redemption services. Secondary-market prices and access to redemption can differ from the intended dollar value.
Who created First Digital USD?
FDUSD is a First Digital Labs product currently issued by FD121 (BVI) Limited. The terms distinguish the issuer from the reserve custodian, First Digital Trust. This organizational attribution does not establish a government guarantee, bank status or an individually verified founder.
What is First Digital USD used for?
FDUSD can serve as a dollar-referenced transfer or trading asset where applications support its exact deployment. It is not an entitlement to reserve investment income, and holding the token is different from having an issuer account. Direct redemption is subject to eligibility and the issuer's terms.
Where can you buy First Digital USD?
Use a trading service only after its official platform confirms FDUSD availability, your account eligibility and the supported deposit or withdrawal network. Direct issuer services require an eligible FD121 account and are not available to every holder. An FDUSD logo or ticker alone does not verify a listing.
First Digital USD exchange reference guides
Before you buy| Exchange | Observed pairs | Catalogue status | Checked (UTC) | Checklist |
|---|---|---|---|---|
| Binance | FDUSDBUSD, FDUSDTRY, FDUSDUSDC + moreBinance.com global public spot catalogue; not Binance.US or regional/account access | Reported open | Check route | |
| Gate.io | FDUSD_USDTGate global normal spot currency-pair catalogue and embedded full names from api.gateio.ws; premarket excluded; not Gate.US/EU/Dubai, account, region or funding eligibility | Reported open | Check route | |
| MEXC | FDUSDUSDTMEXC public spot exchange information; API permission is separate from catalogue membership and account access | Reported open | Check route | |
| BingX | FDUSD-USDTBingX public spot symbol catalogue joined to exact full names/tickers from forty page-bound English price JSON-LD lists. First page has an explicit root collection URL; later pages require their own collection URL. Bounded name coverage; price presence alone is not a listing. Not derivatives, account, region, contract, funding or withdrawal eligibility. | Reported open | Check route |
How to buy First Digital USD
Plan your purchaseHow much First Digital USD?
How can you buy First Digital USD safely?
Match FDUSD's network and contract against First Digital Labs' official token information before buying. Review account eligibility, the trade preview and withdrawal support rather than assuming all deployments are interchangeable. Read the reserve and risk disclosures: a stablecoin label does not remove issuer or depeg risk.
Can you buy a fraction of First Digital USD?
Yes, supported FDUSD tokens can represent fractional amounts, but platform minimums and token precision depend on the deployment and service. Check the order and withdrawal rules before buying a small balance. Fractional ownership does not create a separate right to directly redeem tiny amounts with the issuer.
How much does it cost to buy First Digital USD?
FDUSD purchase costs can include the trading spread, payment or exchange charges, withdrawal costs and host-chain gas. Direct issuer subscription or redemption has separate account terms. Even a price near one dollar can result in a meaningful percentage cost on a small transaction.
How much is one First Digital USD worth?
FDUSD's one-dollar target is separate from the price available on a trading venue. The issuer's direct redemption route has customer and compliance conditions, so a secondary-market quote does not establish your right to immediate dollar redemption.
This page's timestamped panel provides an indicative FDUSD market reference. Check venue liquidity, the executable amount and charges rather than assuming the dollar target guarantees a payout.
Is First Digital USD a good investment?
FDUSD carries reserve, issuer, custodian, redemption, blockchain and market-liquidity risks, including a possible depeg. Its terms allow restrictions or delays in specified circumstances and do not grant holders reserve investment income. An attestation is not a guarantee of future solvency or immediate repayment. This is not financial advice.
Compare two order previews
Use FDUSD credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more FDUSD?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
First Digital USD wallets & storage
How do you get a First Digital USD wallet?
Choose a wallet supporting FDUSD on the exact network shown by the issuer, then verify the token contract or mint before importing it. Back up the recovery material privately. Ethereum FDUSD requires an Ethereum-compatible setup; a Solana FDUSD balance belongs to a different account and token environment.
How can you store First Digital USD securely?
Secure the wallet keys controlling FDUSD and review any spending approvals granted to applications. Keep recovery phrases offline and never enter them into a redemption or support website. Self-custody reduces reliance on an exchange account, but it does not remove FDUSD's issuer, reserve or contract risks.
Sending & cashing out First Digital USD
Match your networks
For FDUSD, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send First Digital USD to another wallet?
Send FDUSD only after matching the receiving platform's exact network and the issuer's deployment information. Check the recipient address, token and gas asset; a matching ticker is insufficient. Transfers are generally irreversible, and the issuer's documentation does not promise recovery from a wrong-network transfer.
How long does a First Digital USD transfer take?
FDUSD has no universal transfer time because it operates on several blockchains. Chain inclusion, confirmation policies and platform processing are separate stages; issuer redemption is another process entirely. Check the transaction on the relevant explorer and the receiver's official crediting requirements instead of relying on a guaranteed arrival estimate.
How much does it cost to send First Digital USD?
FDUSD transfers use the host network's fee system, not FDUSD consensus. An ordinary Ethereum transfer uses ETH for gas; a Solana transaction uses SOL, subject to the application's payer arrangement. Check the wallet's current estimate and any platform withdrawal charge before sending.
Can you cash out First Digital USD for real money?
Cashing out FDUSD requires either an eligible issuer redemption account or a service that supports selling it and paying out your chosen currency. Check fees, jurisdiction, account checks and possible restrictions first. Holding FDUSD in any wallet does not automatically provide unrestricted direct bank redemption.
Is First Digital USD traceable?
FDUSD transfers are recorded publicly on their respective blockchains, while issuer and trading accounts can add identifying records. A wallet address is not a guarantee of anonymity. The token's dollar target and reserve backing do not turn its onchain transfers into private bank transactions.
Supply, mining & staking
What is the maximum supply of First Digital USD?
FDUSD supply is not a predetermined mining cap: issuance and redemption respond to the issuer's reserve-backed process. The relevant checks are circulating tokens across supported deployments and contemporaneous reserve disclosures. Do not add bridged representations or treat an old attestation as proof of today's supply and backing.
Can you mine First Digital USD?
FDUSD is not mineable: it is issued on existing blockchains against the issuer's reserve process. Host-network validators or miners do not earn newly issued FDUSD merely by securing those networks. A service advertising FDUSD mining should be examined as a separate product, not native token issuance.
Can you stake First Digital USD?
FDUSD has no native blockchain staking mechanism, and its terms say the token itself does not generate income for holders. A lending, liquidity or exchange earn offer is a separate arrangement with additional counterparty and contract risk. Reserve interest does not automatically belong to FDUSD holders.