# First Digital USD (FDUSD): Live Peg, Issuer & Licences

> First Digital USD (FDUSD): live peg deviation in bps, depeg history, issuer First Digital, licences linked to official registers and FAQ.

Canonical: https://stableradar.com/coin/fdusd
Generated: 2026-11-13T12:43:49.338Z (live figures are a snapshot at build time; see the canonical page for current values)

Stablecoin profile LIVE

# 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](https://stableradar.com/issuer/fdt)

$0.9958

Peg target: $1.0000 (USD)

Watch

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

Sources: CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/first-digital-usd) · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

### Token legal status
FDUSD

Other stablecoins

(1) Entity licence / registration

First Digital Labs (per company)

HKMA licensed stablecoin issuer — not on list

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
- Issuer **First Digital**

- Legal entity First Digital Labs (per company)

- Headquarters Hong Kong

- Backing mechanism Fiat-backed (USD)

- Reserve mix T-bills, cash (per issuer)

- Reserves & attestation Monthly attestation (AOGB CPA from Jan 2026; previously Prescient Assurance) [firstdigitallabs.com ↗](https://www.firstdigitallabs.com/transparency)

- Custody First Digital Trust

- Redemption Institutional 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](https://stableradar.com/issuer/fdt)

### 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 ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · 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).

### Related pages
Issuer profile → First Digital

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

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)](https://www.firstdigitallabs.com/transparency), [DefiLlama · FDUSD](https://defillama.com/stablecoin/first-digital-usd), [CoinGecko · FDUSD](https://www.coingecko.com/en/coins/first-digital-usd), [DefiLlama · Ethereum stablecoins](https://defillama.com/stablecoins/Ethereum)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)