First Digital USD
FDUSD
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
FDUSD Overall Evaluation
FDUSD is a fully collateralized, Hong Kong–regulated USD stablecoin that delivers real-time settlement across EVM chains. Its strongest attributes are rigorous third-party smart-contract audits (CertiK, SlowMist), regular reserve attestations by KPMG, and robust on-chain security (multi-sig, circuit breaker). These measures have yielded a spotless incident record and high operational integrity.
On the downside, development is opaque (no public repo, no roadmap, single-party code ownership), and community engagement remains limited. Governance is fully centralized under First Digital, offering no on-chain voting or decentralized oversight. The crowded stablecoin market and dominant incumbents (USDT, USDC) present adoption hurdles beyond institutional corridors.
Given its stablecoin nature, FDUSD carries medium counterparty and regulatory risk without price-appreciation potential. It is best used as a secure on-chain dollar proxy rather than a yield-seeking asset.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About First Digital USD (FDUSD)
First Digital USD (FDUSD)
Overview
First Digital USD (FDUSD) is a secure, US Dollar–backed stablecoin designed for fast, transparent transactions on major blockchain networks. It maintains a 1:1 peg to the USD, offering stability for payments, decentralized finance (DeFi), and cross-border transfers.
Key Features
- Pegged 1:1 to the US Dollar
- Issued and managed by First Digital
- Deployed on EVM-compatible blockchains for broad interoperability
- Real-time settlement with minimal volatility
- Transparent reserve audits and regular attestations
Use Cases
- Cross-border payments and remittances
- Collateral in DeFi protocols
- Merchant payments and e-commerce
- Stable unit of account for blockchain applications
Transparency & Compliance
FDUSD reserves are held in regulated custodial accounts and undergo regular third-party audits. The token adheres to industry standards for security, transparency, and regulatory compliance.
Token Details
- Name: First Digital USD
- Symbol: FDUSD
- Type: USD-backed stablecoin
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