First Digital USD (FDUSD) Tokenomics

FDUSD (First Digital USD) is a Hong Kong–issued stablecoin designed to maintain a 1:1 peg with the US dollar. Launched in June 2023 by First Digital Limited, it combines the reliability of traditional currency with the efficiency and reach of blockchain technology. Unlike volatile assets such as Bitcoin, FDUSD delivers price stability, making it an ideal choice for trading, cross-border payments, and safeguarding portfolios during market fluctuations. Every FDUSD token is fully backed by USD reserves held in segregated accounts under Hong Kong's robust regulatory framework, ensuring transparency and trust. In essence, FDUSD brings the familiarity of digital cash at a stable value, while unlocking the speed, security, and global accessibility of cryptocurrency.

How FDUSD Works

FDUSD is issued across multiple blockchains, including Ethereum, BNB Chain, and Solana, with reserves managed under a robust and transparent framework. When users hold FDUSD, an equivalent amount of U.S. dollars is maintained in bankruptcy-remote accounts overseen by First Digital Trust Limited, a regulated entity based in Hong Kong. The reserves consist of cash and cash equivalents diversified across Hong Kong, Australia, and Singapore. Independent third-party attestations are conducted monthly to confirm full backing, ensuring accountability and transparency. This structure allows FDUSD to be redeemed 1:1 for U.S. dollars while offering the programmability of digital assets, including compatibility with smart contracts and DeFi applications.

FDUSD vs USDT

Both FDUSD and USDT are U.S. dollar–backed stablecoins, but they differ in governance, transparency, and market adoption. FDUSD is issued under Hong Kong's regulatory framework, with reserves audited monthly to ensure full backing. Assets are held in segregated accounts by regulated custodians, providing a high degree of protection and oversight. By contrast, USDT has faced ongoing scrutiny regarding the composition and transparency of its reserves. For users prioritizing regulatory clarity and audit transparency, FDUSD offers a stronger compliance profile. USDT, however, benefits from broader adoption and deeper liquidity across global trading platforms, making it highly practical for execution and market access. Together, they serve distinct needs: FDUSD for users seeking greater assurance and compliance, and USDT for those requiring the widest liquidity and market coverage.

FDUSD Price

FDUSD currently trades at approximately $0.998 USD, closely maintaining its intended $1.00 peg with typical fluctuations between $0.995 and $1.005. As a stablecoin, significant price deviations are uncommon and generally signal periods of market stress. Recent data reflects strong liquidity, with daily trading volumes in billions across major exchanges. In 2025, FDUSD successfully navigated periods of market volatility and regulatory scrutiny, underscoring the resilience of its stability mechanisms. Price stability is supported by arbitrage activity and direct redemption features, enabling FDUSD to reliably preserve value even during broader crypto market turbulence.

Is FDUSD Safe?

FDUSD demonstrates strong safety features through regulated Hong Kong operations and transparent reserve management. Monthly attestations by independent auditors verify full USD backing, while segregated accounts protect reserves from issuer bankruptcy. The Hong Kong regulatory environment provides clearer oversight compared to some competitors. However, all stablecoins carry counterparty risk and potential regulatory changes. FDUSD faced challenges in 2025 but maintained its peg, showing resilience. Smart investors diversify across multiple stablecoins and understand that while highly secure, no digital asset is completely risk-free.

Where to Buy FDUSD

MEXC supports FDUSD trading within a secure, user-friendly environment designed for both new and experienced traders. The exchange offers FDUSD/USDT pairs with competitive fees, advanced trading tools, and full mobile accessibility. With a listing of more than 3,000 cryptocurrencies, MEXC enables users to diversify their portfolios while incorporating FDUSD as a regulated stablecoin option. Strong security measures and adherence to compliance standards make MEXC a reliable platform for accessing and trading FDUSD with confidence.

How to Buy FDUSD

Acquiring your first FDUSD is a straightforward process, often simpler than opening a traditional bank account:
1. Sign up on MEXC: Create your MEXC account in minutes using just your email.
2. Verify Your Identity: Complete quick KYC by uploading your ID or other relevant documentation.
3. Add Funds: Deposit via bank transfer, card, or transfer crypto like BTC or USDT.
4. Select a trading pair: Common options include FDUSD/USDT, which provides convenient access to the stablecoin market
5. Place an order: Use a market order for instant buying, or set a limit order at your chosen price.
6. Store your assets securely: Store small amounts on MEXC for convenience, but consider a hardware wallet for larger holdings.
Start with an amount you're comfortable investing while gaining experience with the platform. Many users also employ dollar-cost averaging, purchasing small amounts of FDUSD regularly rather than timing the market.