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Record sog_st_fdusd

FDUSDFirst Digital USD

Also recorded as FDUSD, First Digital USD

Active
Lifecycle
Active
Issuance
Restricted
Reference target
US dollar
Primary organization
First Digital / FD121
No additional recorded relationship
Launch
2023-06-01
Redemption
Eligible Customers Only
Backing
Fiat and cash equivalents
Stabilization
Issuer redemption
Last review
2026-06-02

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

A US dollar stablecoin issued by First Digital, with issuer redemption limited to eligible clients and broad exchange use.

NameFirst Digital USD
SymbolFDUSD
AliasesFDUSD, First Digital USD
Asset classStablecoin
Lifecycle statusActive
Issuance statusRestricted
Canonical record IDsog_st_fdusd
Route slugfdusd
Record confidenceMedium
Last reviewed2026-06-02
Name
First Digital USD
Symbol
FDUSD
Aliases
FDUSD, First Digital USD
Asset class
Stablecoin
Lifecycle status
Active
Issuance status
Restricted
Canonical record ID
sog_st_fdusd
Route slug
fdusd
Record confidence
Medium
Last reviewed
2026-06-02
Record coverage
SectionEntries
Organizations1
Sources6
Reserve reports2
Reserve components1
Model-history events2
Regulatory notes0
Deployments2
Issuer-control actions0
Open questions2
Events2
Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance
Centralized
Primary display organization
First Digital / FD121
Primary display role
Legal issuer
Relationship coverage
1 recorded relationship
Control and relationship coverage
Display selection mode
Deterministic Policy
Current relationships
1
Ended relationships
0
Unknown relationship state
0
Freeze capability
0 recorded yes · 0 recorded no · 2 not recorded
Blacklist capability
0 recorded yes · 0 recorded no · 2 not recorded
Deployment control-event references
0
Observed issuer-control events
0
All current, ended, and unknown-state organization relationships
OrganizationOrganization categoryRegulatory characterJurisdictionRoleDisplay priorityFromUntilRelationship status
First Digital / FD121Company or corporate groupNot recorded in canonical dataHong KongLegal issuerPrimary display2023-06-01Not yet recordedActive relationship
Company or corporate group

First Digital / FD121

Primary display
Functional role
Legal issuer
Relationship status
Active relationship
Regulatory character
Not recorded in canonical data
Jurisdiction
Hong Kong
From
2023-06-01
Until
Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.
Reference target
US dollar
Public backing model
Fiat and cash equivalents
Primary stabilization mechanism
Issuer redemption
Redemption / exit model
Eligible Customers Only
Valuation source
Public information is incomplete
Yield / rebase profile
None recorded
Classification and mechanism details
Reference kind
Fiat
Comparison category
US dollar
Target value
1
Reference methodology
Targets a US dollar reference value unless the record documents a different target value.
Canonical backing types
Mixed
Reserve component categories
Unknown
Recorded model description
Fiat-backed
Classification notes
Not recorded

Reserve and redemption

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

  • Mixed backing; component breakdown unresolvedUnknown after review
Reserve profile
Disclosure statusAvailable
Backing typesMixed
SummaryIssuer reserve disclosures are available and tracked separately as historical records.
As of2026-06-02
Profile confidenceMedium
Disclosure status
Available
Backing types
Mixed
Summary
Issuer reserve disclosures are available and tracked separately as historical records.
As of
2026-06-02
Profile confidence
Medium
Redemption profile
Current statusEligible Customers Only
Settlement assetUSD
Eligible partiesApproved First Digital clients after required checks.
Retail accessNot Direct from Issuer
Institutional accessAvailable Subject to Client Requirements
Minimum amountSource review needed.
FeeSubject to issuer terms.
Settlement timeSubject to issuer and banking operations.
Regional limitsNot offered to U.S. persons or persons acting for U.S. persons.
Current status
Eligible Customers Only
Settlement asset
USD
Eligible parties
Approved First Digital clients after required checks.
Retail access
Not Direct from Issuer
Institutional access
Available Subject to Client Requirements
Minimum amount
Source review needed.
Fee
Subject to issuer terms.
Settlement time
Subject to issuer and banking operations.
Regional limits
Not offered to U.S. persons or persons acting for U.S. persons.
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
2026-06-02First Digital LabsReserve Report ReferenceCash, Cash Equivalents, Not yet recordedMedium
2026-06-07First DigitalIssuer Disclosure ReferenceCash, Cash Equivalents, Not yet recordedMedium

First Digital Labs

2026-06-02
Type
Reserve Report Reference
Assets covered
Cash, Cash Equivalents, Public information incomplete
Record confidence
Medium

First Digital

2026-06-07
Type
Issuer Disclosure Reference
Assets covered
Cash, Cash Equivalents, Public information incomplete
Record confidence
Medium

Evidence

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.
3 source identities · 6 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Binance BUSD support phase-out notice
Published 2023-08-31		BinanceOfficial statement or announcement
Canonical: Exchange Notice		Subject-controlled sourcePrimary sourceExchange Support Phaseout, Exchange adoptionNo archive recordedMedium
First Digital USD official site
Published Not yet recorded		First Digital LabsOfficial statement or announcement
Canonical: Issuer Statement		Subject-controlled sourcePrimary sourceEntity Redemption Reserve, Reserve, FDUSD reserve and company disclosure entry pointDirect archived snapshotMedium
First Digital USD official page
Published Not yet recorded		First DigitalOfficial documentation or product page
Canonical: Issuer Page		Subject-controlled sourcePrimary sourceFDUSD overview, issuer context, reserve, redemption, and access restrictions, Fdusd Launch and Issuer ContextDirect archived snapshotMedium
Official statement or announcement

Binance BUSD support phase-out notice

Medium
Publisher
Binance
Published
2023-08-31
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Exchange Support Phaseout, Exchange adoption
Archive
No archive recorded
Reliability
Medium
Official statement or announcement

First Digital USD official site

Medium
Publisher
First Digital Labs
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Entity Redemption Reserve, Reserve, FDUSD reserve and company disclosure entry point
Reliability
Medium
Official documentation or product page

First Digital USD official page

Medium
Publisher
First Digital
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
FDUSD overview, issuer context, reserve, redemption, and access restrictions, Fdusd Launch and Issuer Context
Reliability
Medium

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.
Open questions
TopicWhat remains unclearValue statePriorityLast checked
Reserve Report HistoryFDUSD reserve report history, issuer structure, and supported redemption channels need deeper documented review.Unknown after reviewMedium2026-06-02
Access and RegionsFDUSD client access, jurisdiction limits, reserve report history, and supported chain references need further review.Unknown after reviewMedium2026-06-07

Reserve Report History

FDUSD reserve report history, issuer structure, and supported redemption channels need deeper documented review.

Value state
Unknown after review
Priority
Medium
Last checked
2026-06-02

Access and Regions

FDUSD client access, jurisdiction limits, reserve report history, and supported chain references need further review.

Value state
Unknown after review
Priority
Medium
Last checked
2026-06-07

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

  1. First Digital launches FDUSDMigration
  2. Binance expands support for FDUSD during the BUSD wind-downMigration
Event timeline
DateEventCategorySubtypeStatus effectRecovery
2023-06-01First Digital launches FDUSDLaunch and introductionLaunch or Issuer ContextNo lifecycle changeNot applicable
2023-08-31Binance expands support for FDUSD during the BUSD wind-downAdoption and expansionExchange Adoption ContextNo lifecycle changeNot applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.

Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.

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