Live · updated 9 minutes ago
First Digital USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
300.40M FDUSD circulate. No maximum supply is set.
- Circulating
- 300.40M
- Total supply
- 300.40M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 25.28% of market cap. Trades easily.
$299.24M market cap, rank #147. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
13.4% below its all-time high of $1.15.
Largest recent swing: 0.12% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is First Digital USD (FDUSD)?
First Digital USD is a US dollar stablecoin issued by First Digital Labs, part of the Hong Kong-based First Digital Group. The issuing entity is FD121 Ltd., and the coin was first issued in 2023. FDUSD is designed to be redeemable one-to-one for US dollars and is fully backed by reserves held away from the issuer's own assets.
What FDUSD is used for
FDUSD is used as a dollar-denominated settlement and trading asset. Common uses include:
- Trading pairs on crypto exchanges, especially as a quote asset
- Moving dollar value between wallets and chains
- Holding a dollar-linked position outside exchange accounts
FDUSD supply and token design
FDUSD has no fixed supply. It is issued when eligible customers deposit dollars with the issuer and removed from circulation when they redeem, so the amount follows demand. Live circulating supply is shown in the market data on this page.
The reserves consist of highly liquid assets such as short-term U.S. Treasury bills, U.S. fixed deposits and U.S. dollar cash deposits. They are custodied by First Digital Trust Limited in segregated accounts, not co-mingled with the trust company's own assets. Attestations show reserves at a single point in time, not a guarantee of future backing. The issuer publishes monthly reserve reports checked by Prescient Assurance, and it has done so since July 2023. Issuer materials say holders can redeem for dollars at 1:1, but direct minting and redemption is available to approved customers, not every wallet holder.
The token runs on several networks, including Ethereum, BNB Smart Chain, Arbitrum, Solana, Sui and TON. The Ethereum contract is 0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409.
Official information is on firstdigitallabs.com.
What to check before using FDUSD
- Depeg risk: the coin can trade below one dollar if confidence in reserves or redemption falls, as has happened to other stablecoins.
- Issuer and custodian risk: redemption depends on First Digital Labs and First Digital Trust Limited honouring claims.
- Regulatory gaps: holder protections can be uncertain, and stablecoins of this type may face limited regulation.
- Terms of access: minting and redeeming directly with the issuer requires an approved customer relationship, so most holders obtain FDUSD from exchanges instead.
- Market concentration: much FDUSD trading takes place on a small number of exchanges, so liquidity can thin out under stress.
First Digital USD project profile
- Open source
- No
Token contracts
- Ethereum:
0xc5f0f7…e16409 - Sui:
0xf16e6b723f242ec745dfd7… - The Open Network:
EQD0Evpk4timFOHmy4Sv3l_K… - Solana:
9zNQRsGL…SZh54u - BNB Chain:
0xc5f0f7…e16409 - Arbitrum One:
0x93c993…1669fe
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
First Digital USD market analysis
With a market capitalisation of $299.24 million, First Digital USD (FDUSD) is classed as a small-cap asset and ranks #147 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 89.0% of them. It accounts for roughly 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $75.64 million of FDUSD changed hands, equal to 25.28% of its market cap, which puts its trading volume ahead of about 96.6% of tracked assets. This is a very high turnover, which typically signals heavy speculative interest or a news-driven day. Its turnover ratio is higher than that of about 85% of tracked assets.
Price action: FDUSD moved −0.07% in 24 hours and −0.05% over 7 days. It outperformed Bitcoin by 2.11 percentage points over 24 hours and by 3.81 points over 7 days. Against the median tracked coin (ahead by 2.17 points on the day and ahead by 6.16 points on the week), it has been a relative strength in recent sessions.
To overtake Sun Token (SUN) just above it, First Digital USD would need to grow its market cap by about 0.0%; it is 3.1% larger than Olympus V2 (OHMV2) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
First Digital USD FAQ
What is FDUSD?
FDUSD is a US dollar stablecoin issued by First Digital Labs in Hong Kong, backed by short-term US Treasury bills, fixed deposits and cash.
Who issues FDUSD?
It is issued by First Digital Labs, part of First Digital Group, with reserves held by First Digital Trust Limited in segregated accounts.
Is FDUSD backed 1:1?
The issuer says each token is redeemable for one US dollar and publishes monthly reserve reports verified by Prescient Assurance.
What is FDUSD used for?
Mainly as a dollar-denominated trading and settlement asset on crypto exchanges and across blockchains.
Price history
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Historical price data is not available yet for this asset. | ||||