Stablecoin profileLIVE

First Digital USD (FDUSD) stablecoin

In short: FDUSD is a USD-pegged stablecoin issued by First Digital. No token-level authorisation identified in the official registers checked. Below: live peg deviation, peg history, issuer, licences and FAQ.

Issuer profile → First Digital

Live peg LIVE

$0.9958Peg target: $1.0000 (USD)Watch

Deviation: -41.6 bps (-0.42%) · Market cap: $280.7M

Sources: CoinGecko, DefiLlama · CoinGecko ↗ · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

Token legal status

FDUSDOther stablecoins

(1) Entity licence / registration

First Digital Labs (per company)

HKMA licensed stablecoin issuer — not on list

Not yet verified by StableRadar · — · Specific record (HKMA list 17 Jul 2026: Anchorpoint Financial Ltd and HSBC only) hkma.gov.hk ↗

(2) Authorisation to issue this token

No authorisation to issue this stablecoin identified in official registers as of 27 Oct 2026. Registers checked: NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC

U.S. context

Foreign issuer; no Treasury comparability determination as of 27 Oct 2026

(3) Applicable law

Hong Kong Stablecoins Ordinance (Cap. 656) ↗

Token legal status last checked: 27 Oct 2026

Issuer & legal entity

IssuerFirst Digital

Legal entityFirst Digital Labs (per company)

HeadquartersHong Kong

Backing mechanismFiat-backed (USD)

Reserve mixT-bills, cash (per issuer)

Reserves & attestationMonthly attestation (AOGB CPA from Jan 2026; previously Prescient Assurance) firstdigitallabs.com ↗

CustodyFirst Digital Trust

RedemptionInstitutional redemption (per issuer terms)

Transparency Score (issuer)

Transparency Score

Weighted from public, sourced inputs · 94% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

Issuer profile → First Digital

FDUSD peg history

Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

Favourites	Coin	Peg	Trend	Max \|dev\|	Low	>±50 bps	>±100 bps	Events	Details
	FDUSD	USD		−47.8 bps	0.9952	0	0	0

Source: CoinGecko ↗, DefiLlama ↗ · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

FAQ about FDUSD

What is First Digital USD (FDUSD)?

FDUSD is a stablecoin pegged to the US dollar. Issuer: First Digital. Backing (as described in our data): Fiat-backed (USD).

Who issues FDUSD?

FDUSD is issued by First Digital Labs (per company). The issuer profile on StableRadar lists its licences with links to official registers.

Is FDUSD authorised under MiCA or another stablecoin regime?

No authorisation to issue FDUSD was identified in the official registers StableRadar checked (NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC; last checked 27 Oct 2026). This does not mean the coin or issuer is unlawful, unlicensed or unsafe. Applicable law noted: Hong Kong Stablecoins Ordinance (Cap. 656). US context: under the GENIUS Act only approved (permitted) payment stablecoin issuers may issue payment stablecoins in the US; the Act approves issuers, not individual tokens. It applies from 18 Jan 2027 (OCC final rule FR 2026-21706).

Is FDUSD safe?

StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer First Digital has a Transparency Score of 51/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.

How is FDUSD backed?

Model: Fiat-backed (USD). Reserve mix: T-bills, cash (per issuer). Attestation: Monthly attestation (AOGB CPA from Jan 2026; previously Prescient Assurance).

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: Issuer transparency / reserves (First Digital), DefiLlama · FDUSD, CoinGecko · FDUSD, DefiLlama · Ethereum stablecoins