FDUSD vs USDT — Side by Side
| Feature | FDUSD | USDT |
|---|---|---|
| Backing | Fiat-Backed | Fiat-Backed |
| Issuer | First Digital Trust (Hong Kong) | Tether Limited |
| Launched | 2023 | 2014 |
| Chains | 3 | 10 |
When to Use Each
FDUSD
- +Binance integration with zero-fee trading pairs — drives high volume and adoption
- +Hong Kong trust law provides legal ring-fencing of reserves
- +HKMA-regulated issuer — strong regulatory credentials in Asia
USDT
- +Largest stablecoin by market cap — consistently above $100 billion
- +Deepest liquidity on virtually every centralized exchange globally
- +Deployed on 10+ blockchains, making it the most cross-chain stablecoin