First Digital USD (FDUSD) is a fiat-backed stablecoin issued by First Digital Labs, a Hong Kong-based affiliate of trust company First Digital Trust, with reserves held under Hong Kong custodial arrangements and attestations published periodically. It is most visible on centralized exchanges — particularly Binance, where it serves as a primary base pair for spot trading — and on Ethereum and BNB Chain as an on-chain settlement rail. For peg confidence, depeg chatter, and risk monitoring, see the full risk profile.
Research only — not financial advice, not a solvency rating.