Question 1

What is First Digital USD (FDUSD)?

Accepted Answer

First Digital USD (FDUSD) is a fiat-backed stablecoin issued by FD121 Limited, a subsidiary of First Digital Group Limited (FDG). FDUSD is fully collateralised on a 1:1 basis with the U.S. dollar or assets of equivalent fair value, ensuring stability and trust. The stablecoin operates under rigorous custodial arrangements with reserves held by First Digital Trust Limited, a qualified custodian, in segregated accounts​.

The reserves consist of U.S. dollars and highly liquid assets, such as short-term U.S. Treasury bills, managed by regulated financial institutions and subject to independent audits, ensuring full backing and transparency.

Initially launched on Ethereum (ERC-20) and BNB Chain (BEP-20), FDUSD has expanded to the Sui blockchain, leveraging its scalability and high-performance infrastructure for efficient transactions​. FDUSD smart contracts are audited by PeckShield, enhancing transparency and security​.

FDUSD can be acquired directly by key industry players, financial intermediaries, and professional investors who meet the requirements of First Digital Labs. Retail users can purchase FDUSD via secondary markets such as leading cryptocurrency exchanges, which provide ample liquidity​.

Question 2

What is First Digital USD (FDUSD) used for?

Accepted Answer

FDUSD serves multiple purposes across the digital economy and decentralised finance (DeFi) ecosystems due to its stability, transparency, and programmability:

- **Cross-border Remittances**: Facilitates low-cost, efficient international payments compared to traditional financial systems.  
- **Payment Solutions**: Enables merchants to accept FDUSD for goods and services, reducing transaction fees and processing times​.  
- **Decentralised Finance (DeFi)**: Can be used for lending, borrowing, and liquidity mining, offering users yield-generating opportunities​.  
- **Escrow Services and Smart Contracts**: FDUSD's programmability supports trustless escrow agreements and automated financial contracts.  
- **Hedging Against Volatility**: Provides a stable store of value during market volatility, offering traders a safe haven​.  
- **Financial Inclusion**: Enables access to essential financial services, such as savings, loans, and insurance, in underdeveloped financial markets​.

Question 3

Who created First Digital USD (FDUSD)?

Accepted Answer

First Digital USD (FDUSD) is issued by FD121 Limited, a subsidiary of First Digital Group Limited (FDG), a Hong Kong-based public trust firm specialising in digital assets and technology-driven financial services. Established in 2019, FDG combines traditional financial services with digital asset solutions, offering cross-asset custody, trustee, escrow, and agency services to bridge the gap between conventional and digital finance.

The leadership team includes:  
- **Vincent Chok**, Vincent Chok, Founder and Chief Executive Officer (CEO): Vincent leads the company in developing traditional trust and custody solutions for the digital economy, aiming to provide enhanced security and professionalism for clients with digital asset exposure.  
- **Gunnar Jaerv**, Chief Operating Officer (COO): Gunnar brings expertise in product development and blockchain technology, overseeing operational infrastructure, partnerships, and revenue growth strategies.

Question 4

Additional Insights from FAQs

Accepted Answer

- **How to Acquire FDUSD**:  
  - **Direct Purchase**: Available to key industry players, financial intermediaries, and professional investors who meet regulatory criteria via First Digital Labs.  
  - **Secondary Markets**: FDUSD is listed on leading cryptocurrency exchanges, enabling retail users to purchase the token with ample liquidity​.

- **Trust in FDUSD’s Value**:  
  FDUSD maintains a 1:1 peg to the U.S. dollar or equivalent assets, which are held securely by a qualified custodian in regulated accounts​.

- **How to Redeem FDUSD**:  
  Redemption directly from First Digital Labs requires clients to meet AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) checks.  
  Retail users can sell FDUSD on secondary markets through cryptocurrency exchanges or OTC providers​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	FDUSD-USDT FDUSDUSDT	binance	AA	0.9973USDT	0.03%	11,558,928.00FDUSD	20,277	0.9970USDT	0.9978USDT
2	FDUSD-USDC FDUSDUSDC	binance	AA	0.9964USDC	0.04%	5,664,171.00FDUSD	7,597	0.9960USDC	0.9970USDC
3	FDUSD-USDT FDUSD_USDT	gateio	A	0.9973USDT	0.06%	4,186,623.63FDUSD	1,156	0.9967USDT	0.9993USDT
4	FDUSD-TRY FDUSDTRY	binance	AA	50.11TRY	0.12%	90,335.00FDUSD	409	50.05TRY	50.12TRY
5	FDUSD-USD FDUSDUSD	hashkey	A	0.9962USD	0.01%	14,181.14FDUSD	304	0.9961USD	0.9962USD
6	FDUSD-USDT FDUSDUSDT	toobit	C	0.9973USDT	0.03%	1,201,906.00FDUSD	7,744	0.9970USDT	0.9978USDT
7	FDUSD-USDT fdusd_usdt	xtpub	-	0.9974USDT	0.04%	577,652.00FDUSD	5,274	0.9970USDT	0.9978USDT
8	FDUSD-USDT FDUSD-USDT	bingx	D	0.9973USDT	0.03%	308,442.23FDUSD	20,566	0.9970USDT	0.9977USDT
9	FDUSD-USDT FDUSD_USDT	bitunix	C	0.9973USDT	0.03%	89,911.00FDUSD	7,249	0.9970USDT	0.9977USDT
10	FDUSD-USDT FDUSDUSDT	mexc	C	0.9974USDT	0.03%	52,706.31FDUSD	4,605	0.9971USDT	0.9978USDT
11	FDUSD-USDT FDUSD_USDT	cryptology	D	0.9954USDT	-0.08%	17,173.00FDUSD	1,367	0.9962USDT	1.00USDT
12	FDUSD-KRW fdusd_krw	korbit	C	1,350.00KRW	0.00%	16.62FDUSD	1	1,350.00KRW	1,350.00KRW
13	FDUSD-USD fdusd_usd	yobit	-	1.12USD	0.00%	0FDUSD	0	1.12USD	1.12USD
14	FDUSD-USDT fdusd_usdt	yobit	-	0.9800USDT	1.03%	0.003561FDUSD	4	0.9700USDT	0.9800USDT
15	FDUSD-USDT FDUSDUSDT	hitbtc	E	0.9750USDT	0.00%	0FDUSD	0	0.9750USDT	0.9750USDT