First Digital USD

First Digital USD (FDUSD) is a fiat-backed stablecoin pegged to the US dollar, designed to hold a value of one dollar per token at all times. It is intended for people and businesses who want to transact in a digital asset without the price swings typical of other cryptocurrencies. The project describes its core purpose as combining the stability of cash-like reserves with the efficiency of blockchain settlement across several networks including Ethereum, BNB Chain, Arbitrum, Sui, and TON.

FDUSD tokens are issued against reserves described as cash and cash equivalents, with the project claiming a fully collateralized, one-to-one backing that allows holders to redeem tokens for an equivalent amount in US dollars. The token itself has no native blockchain or consensus algorithm — it operates as a smart-contract token on host chains that handle their own consensus and block production. Because the block time recorded for this asset is zero, the settlement speed a user experiences depends entirely on whichever underlying network they use.

The data stored for FDUSD does not include a protocol fee stream, and there are no figures here for revenue collected, distributed, or retained by the issuer. The project description mentions low transaction fees as a feature for users, but that refers to the cost of moving the token rather than income to the protocol. Because there is no fee-based data on this page, fee-derived measures that might appear on other asset profiles on this site are not applicable here. The circulating stablecoin supply stands at approximately 345,801,706 FDUSD as a point-in-time figure, and supply changed by roughly negative 0.23 percent over the last 30 days.