First Digital USD (FDUSD) Exchange

Looking to exchange FDUSD? Swapzone compares live offers from partner exchanges by rate, speed and KYC label. No account, no custody, 0% platform fee. Swapzone lists FDUSD on Ethereum as FDUSDERC20 and on BNB Chain as FDUSDBEP20.

send

FDUSD^ETH

get

Swapzone fee: 0%

First Digital USD Market Data & Key Metrics

Price

$ 1.00

24h % price

0.04%

7d % price

-0.08%

Market Cap

$ 292,928,328.24

24h volume

$ 215,401,838.06

Coin supply

293,881,697.34

Popular FDUSD Exchange Pairs

Exchange FDUSDERC20 ForPairsStatus

Bitcoin

fdusderc20 / btc

Active

Ethereum

fdusderc20 / eth

Active

Monero

fdusderc20 / xmr

Active

ZCash

fdusderc20 / zec

Active

Litecoin

fdusderc20 / ltc

Active

XRP

fdusderc20 / xrp

Active

Tether

fdusderc20 / usdt

Active

Stellar

fdusderc20 / xlm

Active

TRON

fdusderc20 / trx

Active

USD Coin

fdusderc20 / usdc

Active

Other Cryptocurrencies to Exchange

Popular Alternatives to Buy

Bitcoinbtc Cardanoada Ethereumeth GRAMton Litecoinltc Moneroxmr Pirate Chainarrr Solanasol Stellarxlm Tetherusdt TRONtrx USD Coinusdc USDCEusdceop XRPxrp ZCashzec

What is FDUSD?

About First Digital USD

FDUSD is a US dollar-pegged fiat-collateralized stablecoin issued by FD121 Limited, a subsidiary of First Digital Limited, a Hong Kong-headquartered financial firm. Each FDUSD token in circulation is backed 1:1 by reserve assets held at First Digital Trust Limited, a Hong Kong-registered public trust company — not an algorithmic mechanism, not crypto collateral, not a fractional reserve.

FDUSD tokenomics

FDUSD operates a mint-and-burn supply model: tokens are issued only when an equivalent dollar value is deposited into reserve accounts, and tokens are burned upon redemption. Circulating supply stood at approximately 300 million FDUSD as of October 30, 2026, according to CoinGecko, down from a peak of about $4 billion in April 2024, according to DefiLlama data cited by Stablecoin Insider.
Supply mechanism — mint-and-burn; no pre-mined allocation, no team reserve, no fixed cap; supply tracks dollar deposits and redemptions through First Digital Trust
Reserve composition — approximately 85% US Treasury bills, 10–12% overnight repurchase agreements collateralized by Treasuries, and 3–5% cash at banks, held at institutions in Hong Kong, Switzerland, and Australia, according to First Digital's most recent attestation disclosures
Monthly attestations — reserve adequacy is verified by Prescient Assurance (formerly Prism Hong Kong Limited) monthly under the ISAE 3000 limited assurance standard, with reports published publicly
Smart contract audits — FDUSD smart contracts implement the ERC-20 standard and have been audited by PeckShield and Quantstamp
Multi-chain issuance — natively available on Ethereum, BNB Chain, Solana, and Sui; zero platform fees for minting and redemption through First Digital
Regulatory jurisdiction — issued under Hong Kong's Trust Ordinance via First Digital Trust

What determines FDUSD's value

FDUSD's 1:1 peg is maintained by the reserve structure: each token redeemable for one US dollar of assets held in segregated bankruptcy-remote accounts, verified monthly. Supply expands and contracts with trading demand rather than speculative inflows — and that demand is concentrated on Binance, where FDUSD routinely generates 24-hour trading volume approaching or exceeding its entire circulating supply, according to Stablecoin Insider's Q1 2026 report. This volume-to-market-cap ratio reflects FDUSD's primary function as a Binance-native trading vehicle rather than a general settlement layer.

FDUSD peaked at about $4 billion in circulating supply in April 2024, according to DefiLlama data cited by Stablecoin Insider. The supply contracted significantly through 2025 and into 2026, including after Binance removed FDUSD margin trading pairs for BCH, TAO, AVAX, LTC, SUI, ADA, and LINK on January 6, 2026.

How to Exchange First Digital USD on Swapzone

Select a pair to exchange

Choose FDUSD as the asset you send, or as the asset you receive, and pick the other currency. Enter the amount to see live estimates from partner exchanges.

Choose an offer

Compare FDUSD offers by rate, estimated completion time, KYC frequency label and partner rating, then select the one that fits your swap.

Enter receiving wallet address

Paste a 0x address for the network the offer states, Ethereum (the default) or BNB Chain. The format is the same on both, so confirm your wallet network. No MEMO or tag is needed unless the offer asks for one.

Send deposit to generated address

Send the exact FDUSD amount to the generated deposit address on the network the partner specifies. On Swapzone the Ethereum ERC-20 version (FDUSDERC20) is the default and the BNB Chain version is FDUSDBEP20, and a wrong-network transfer may not be recoverable.

Watch your exchange complete

Follow the order status on the Swapzone page. The swap completes after the partner confirms your deposit and sends the asset you chose to your wallet.

How to Choose a First Digital USD Exchange

Swapzone shows every live FDUSD offer in one list, so you can filter by what matters for this swap.

By rate

By transaction speed

By rating

FDUSD is pegged to $1, so rate differences between partners are spread, not price direction. Compare the final amount received, and check that the offer is for the network version you hold.

First Digital USD (FDUSD) Price Analysis

A stablecoin price should stay near $1, so the signals for FDUSD are reserve quality and venue concentration. Reserves are mostly Treasury bills and repurchase agreements, verified monthly with limited assurance, held at institutions in Hong Kong, Switzerland, and Australia. Demand is concentrated on Binance: supply peaked at about $4 billion in April 2024 and has fallen sharply since, including after Binance's January 2026 removal of margin pairs. Dependence on one venue, and any change to its listings, are the main risks.No prediction is certain. Regulatory changes, macroeconomic conditions, and network-specific events can shift prices in either direction. Research multiple independent sources and consider your risk tolerance before making any financial decision.Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and trading carries substantial risk of loss. Past performance is not indicative of future results.

Frequently Asked Questions About First Digital USD (FDUSD)

Who issues FDUSD and where is it regulated? dropdown

FD121 Limited, a subsidiary of First Digital Limited in Hong Kong, issues FDUSD. The reserves are held at First Digital Trust Limited, a Hong Kong-registered public trust company, under Hong Kong's Trust Ordinance.

What backs each FDUSD? dropdown

Reserve assets held 1:1: about 85% US Treasury bills, 10 to 12% overnight repurchase agreements collateralised by Treasuries, and 3 to 5% cash at banks, held in Hong Kong, Switzerland, and Australia, according to First Digital's most recent attestation disclosures.

How are FDUSD reserves verified? dropdown

Monthly by Prescient Assurance under the ISAE 3000 limited assurance standard, with reports published publicly. It is limited assurance, not a full audit.

Has the FDUSD contract been audited? dropdown

The smart contracts implement the ERC-20 standard and have been audited by PeckShield and Quantstamp. Audits reduce but do not remove smart contract risk.

Which networks is FDUSD on? dropdown

Natively on Ethereum, BNB Chain, Solana, and Sui. On Swapzone you can swap the Ethereum version (FDUSDERC20, the default) and the BNB Chain version (FDUSDBEP20), so confirm the network before sending.

Does FDUSD charge fees? dropdown

Zero platform fees for minting and redemption through First Digital. You still pay network gas on transfers and any fee in the swap rate.

When did FDUSD supply peak? dropdown

It peaked at about $4 billion in April 2024, according to DefiLlama data cited by Stablecoin Insider.

How big is FDUSD now? dropdown

About 300 million FDUSD in circulation as of October 30, 2026, according to CoinGecko. The supply has contracted a lot from its peak.

What did Binance change in January 2026? dropdown

It removed FDUSD margin trading pairs for BCH, TAO, AVAX, LTC, SUI, ADA, and LINK on January 6, 2026. Binance is FDUSD's main venue, so such changes affect supply.

Why is FDUSD volume so high compared with supply? dropdown

Trading volume on Binance routinely approaches or exceeds the whole circulating supply, according to Stablecoin Insider's Q1 2026 report. FDUSD works mainly as a Binance trading vehicle, not a general settlement layer.

How do I exchange FDUSD on Swapzone? dropdown

Open swapzone.io/exchange/first-digital-usd, enter the amount, and compare offers from partner exchanges by rate, time, and KYC label. Paste an address for the stated network, send FDUSD to the deposit address, and track the order.