Tokens Issued and In Circulation
$
1.029
B
Reserves In Full Sight
FDUSD stands behind every dollar with complete transparency. Our stablecoin is 100% backed by cash and cash equivalents, guaranteeing 1:1 USD redemption. Held in fully segregated accounts by a licensed custodian, our reserves are independently attested monthly, giving you ironclad confidence in every token.
With monthly published reports and strict regulatory compliance, we ensure your digital dollars are always secure, stable, and instantly convertible.
Total Assets Held In Reserve Accounts
$
1.027
B
22
16
11
6
0
US Treasury Bills
74.5
%
Cash
17.5
%
Bank Deposits
6
%
Reverse Repos
2
%
As of
Oct 31, 2025
Monthly Reserve Reports
The attestation process verifies that the entire supply of FDUSD stablecoins in circulation is consistently fully supported by an equivalent value of cash or cash equivalents. Independent attestation reports are published monthly, ensuring the integrity of the reserves and financial reporting.
Download Reports
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Backed by fully reserved assets
FDUSD is fully backed by cash and cash equivalent assets. Tokens are intended to be redeemable 1:1 for US dollars.
Custodied by Qualified Custodian
Reserve assets are held in fully segregated holding structures by a licensed custodian.
Attested for by independent third-party
The reserves are validated by an independent third-party, ensuing the integrity of the reserves and financial reporting.
Commitment to Cash Redemption
First Digital stablecoins can always be purchased and redeemed by FD121 (BVI) Limited on a one-for-one basis against U.S. Dollars, subject to any suspension and other rights set out in the FDD Terms.
Built on a foundation of Trust
The FDUSD reserve assets are custodied by First Digital Trust Limited, a licensed Trust or Company Service Provider under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the laws of Hong Kong) and a registered trust company under the Trustee Ordinance (Chapter 29 of the laws of Hong Kong), with reserve assets are fully segregated from the Trust company’s assets to isolate the Trust company’s bankruptcy.
Robust AML & KYC Procedures
If you are a key industry player, a financial intermediary, or a professional investor of a certain stature and meet the requisite criteria, you can directly purchase FDUSD from First Digital Labs. Please note that First Digital Labs does not sell tokens directly to retail customers. To redeem your FDUSD stablecoin, you must first become a client of First Digital Labs and meet specific requirements, including Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) checks.
Licensing & Regulation
First Digital Group and all its subsidiaries employ a compliance-first approach. First Digital Labs is actively working to secure regulatory authorisation for its stablecoin issuance activities from a recognised and reputable financial regulatory authority. Our intention to have FDUSD licensed reflects our commitment to operating within a regulated framework, ensuring the highest standards of security and transparency.
Smart Contract Audit
FDUSD smart contracts implement the ERC20 Token Standard and are audited by PeckShield and Quantstamp.
FDUSD is currently issued on Ethereum, BNB Chain, Solana and Sui. In time, FDUSD will be considered to be issued on other blockchains to bring the benefits of the token to a broader audience of developers and end users.
Team & Backing
Our multidisciplinary team at First Digital Labs boasts a diverse and rich background, blending expertise in traditional finance with deep insights into emerging technologies. This unique combination positions us at the forefront of the stablecoin revolution, empowering businesses and individuals alike with secure, efficient, and seamlessly integrated digital currency solutions.