First Digital USD

First Digital USD (FDUSD) is a USD stablecoin issued by FD121 Limited, a unique Hong Kong-based entity operating under the First Digital Labs brand.

FDUSD provides users with a reliable digital currency designed to reduce the volatility of the cryptocurrency market and improve the efficiency of financial transactions by reducing transaction costs and providing faster and safer transactions. FDUSD is a programmable stablecoin that can execute financial contracts, custody services and insurance without an intermediary.

FDUSD can always be exchanged 1:1 for USD. FDUSD reserves are held in segregated bank accounts and are monitored and audited by independent third parties such as Prescient Assurance .

FDUSD is available on the Ethereum and BNB chains, with plans to support more and more blockchains.