First Digital USD (FDUSD)
CryptoScore Pro global score : 70/100 (computed on 2026-10-28)
First Digital USD (FDUSD) is a fiat-collateralized stablecoin deployed across multiple blockchains—primarily Ethereum, Arbitrum, BNB Chain, and The Open Network (TON)—designed to provide institutional and retail users with a low-volatility, high-liquidity asset for cross-chain transactions, DeFi engagements, and hedging. Unlike algorithmic stablecoins or overcollateralized variants, FDUSD operates on a 1:1 USD reserve model, positioning itself as a compliant alternative to Tether (USDT) or USD Coin (USDC) for users seeking regulatory clarity and transparency. Its multi-chain deployment is strategic, targeting ecosystems where Ethereum’s high gas fees or centralized exchanges’ withdrawal limits create friction, particularly in DeFi and cross-border payments. The absence of a whitepaper or detailed technical documentation raises questions about its reserve management and audit rigor, though its integration with major exchanges like Binance suggests operational credibility. FDUSD’s launch in mid-2023 aligns with a broader trend of stablecoin fragmentation, catering to niche use cases like TON’s growing ecosystem or Arbitrum’s scalable DeFi infrastructure, while its Ethereum anchor…
Scores by pillar
| Technology | 53/100 |
|---|---|
| Tokenomics | 73/100 |
| Team | 58/100 |
| Adoption | 74/100 |
| Liquidity | 72/100 |
| Compliance | 77/100 |
Market data
| Price | $0.9979 |
|---|---|
| Market cap | $301.97M |
| 24h volume | $77.85M |
| Market cap rank | #175 |
| 24h change | +0.08% |
| 7d change | -0.03% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
First Digital USD addresses the need for stability in institutional transactions. This stablecoin uses a 1:1 reserve mechanism backed by US dollars. It runs on Ethereum and several compatible networks. The token serves as a safe-haven asset and a cross-border payment instrument.