Issuer of FDUSD. Hong Kong-based. ~$375M market cap. Backed 1:1 by cash and Treasuries.
Overview
Ticker
FDUSD
Backing type
Fiat-backed
Market cap
$2B+
Peg currency
USD
Issuer
First Digital Trust
Auditor
Prescient Assurance
Yield rate
—
Launch year
2023
Reserves
Cash and cash equivalents, US Treasuries held in Hong Kong trust
Supported Chains
EthereumBSC
Regulatory
MiCA compliant
No
Jurisdiction
Hong Kong
Hong Kong Trust Company license
Features
Programmable—
Rebaseable—
Permissioned—
Cross-chain—
DeFi integrated✓
Institutional grade✓
Use Cases
Binance trading pairCEX settlementAsia-Pacific paymentsTrading liquidity
Connected Companies (2)
Networks / L1s & L2s