Overview
FDUSD is a fiat-backed stablecoin issued by First Digital Trust, a Hong Kong-based qualified trust company, launched in June 2023. It quickly achieved a $2–3 billion market cap largely through Binance's promotional integration — Binance offered zero-fee BTC/FDUSD and ETH/FDUSD trading pairs, driving massive adoption. FDUSD is primarily a Binance ecosystem stablecoin backed by cash and high-quality liquid assets regulated under Hong Kong trust law.
Who Created FDUSD?
FDUSD was created by First Digital Trust (Hong Kong) and launched in 2023. It is a Fiat-Backed stablecoin designed to maintain a stable value pegged to the US dollar.
Key Features
- +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
- +Monthly Prescient Assurance attestations for reserve transparency
- +Sui chain deployment gives access to the fastest-growing L1 DeFi ecosystem
- +Competitive alternative to USDT for Asia-Pacific institutions and traders
Where to Use FDUSD
FDUSD is available on Ethereum, BNB Chain, Sui. You can use it on centralized exchanges for trading, in DeFi protocols for lending and borrowing, or as a stable store of value to park funds between trades.
Official website: https://firstdigitallabs.com