How It Works
First Digital Trust holds FDUSD reserves in segregated trust accounts under Hong Kong Trusts Ordinance, with monthly attestations by Prescient Assurance. Each FDUSD token is redeemable for one USD through First Digital's institutional redemption process. Users interact with FDUSD primarily through Binance (for trading) or through BNB Chain DeFi. The Sui chain deployment targets the growing Sui DeFi ecosystem. First Digital Trust is regulated by the Hong Kong Monetary Authority (HKMA), providing regulatory oversight in Asia.
Backing Type: Fiat-Backed
Fiat-backed stablecoins are collateralized by real-world assets held in bank accounts or custodied trust accounts — typically US dollars, Treasury bills, or cash equivalents. The issuer is responsible for maintaining 1:1 reserves and publishing regular attestations.