First Digital USD · FDUSD
FDUSD: price and background
FDUSD launched in 2023 from First Digital Labs in Hong Kong and grew quickly after Binance adopted it as a zero-fee trading pair.
Price
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24 hours
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Market cap
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Volume 24h
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Koersverloop First Digital USD
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Trade it yourself
Buy, sell or swap through Block #9's own liquidity pools and DEX routing, with the coins in your own wallet.
Go to the trade hubIssuer and reserves
Reserves are stated as short-dated Treasuries and equivalents held in trust, with monthly attestations. Oversight is lighter than a US trust or EU e-money licence, and a 2025 solvency accusation briefly broke the peg before recovering.
Why volume is high
Volume is concentrated on a single exchange; liquidity elsewhere is thin with wider spreads, which is fine for traders on that venue but a risk for holders.
Peg and use
Redemption runs through institutional clients, so retail arbitrage is indirect. Best used as a trading currency rather than a long-term cash position.
Europe
No MiCA authorisation, so EU platforms cannot freely offer it to retail users.
Nieuws over First Digital USD
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Frequently asked questions
Who issues FDUSD?
First Digital Labs in Hong Kong.
Why the large volume?
Binance adopted it as a zero-fee trading pair.
Has the peg broken?
Briefly in April 2025 after a public solvency accusation.
Available in the EU?
Not freely; it lacks MiCA authorisation.