> open stablecoin/fdusd
First Digital USD
USD-backed stablecoin associated with First Digital / FD121. SOG records reserve, redemption eligibility, jurisdictional limits, and chain deployment context.
Statusactive
Evidence2
| Symbol | FDUSD |
|---|---|
| Status | active |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | First Digital / FD121 |
| Reserve disclosure | available |
| Redemption status | limited |
| Launch date | 2023-06-01 |
| Discontinued date | — |
| Confidence | medium |
| Last verified | 2026-06-02 |
Issuer dossier
First Digital / FD121 · company · Hong Kong
Reserve reports
1 seed reserve disclosure reference(s) linked to this record.
Known unknowns
1 visible uncertainty item(s) kept for later review.
| Status | limited |
|---|---|
| Who can redeem | First Digital states FDUSD can be redeemed for USD after becoming a client and completing required checks; it does not sell tokens directly to retail customers. |
| Retail redemption | not_direct_from_issuer |
| Institutional redemption | available_subject_to_client_requirements |
| Minimum redemption | source_review_needed |
| Region / access notes | FDUSD is not intended for U.S. persons or entities, and minting/redemption services are not offered to persons located in the United States or acting for U.S. persons. |
| Registry note | SOG separates First Digital client redemption from exchange or OTC secondary-market exits. |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| No regulatory notes recorded yet. | ||||
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| Ethereum | native_or_issuer_supported | active | source_review_needed | Seed deployment placeholder. |
| Coverage type | Count | Meaning |
|---|---|---|
| Issuer source | 1 | Source-backed reference present in this record. |
| Reserve reference | 2 | Source-backed reference present in this record. |
| Market data | 0 | No source of this type is linked yet. |
| Regulatory source | 0 | No source of this type is linked yet. |
| Deployment / contract | 1 | Source-backed reference present in this record. |
| Exchange notice | 0 | No source of this type is linked yet. |
| News / analysis | 0 | No source of this type is linked yet. |
| Archive capture | 0 | No source of this type is linked yet. |
| Other source | 0 | No source of this type is linked yet. |
| Date | Stage | Record | Detail |
|---|---|---|---|
| 2023-06-01 | launched | First Digital USD launch | Launch date recorded on the stablecoin entity. |
| 2026-06-02 | current_status | Current registry status: active | This is the current SOG registry label, not a safety score. |
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| No event records yet. | |||||
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2026-06-02 | First Digital Labs | reserve_report_reference | cash, cash_equivalents, source_review_needed | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| First Digital USD official site | First Digital Labs | issuer_statement | entity_redemption_reserve | medium |
| FDUSD reserve report reference | First Digital Labs | reserve_report | reserve | medium |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| reserve_report_history | FDUSD reserve report history, issuer structure, and supported redemption channels need deeper source-backed review. | medium | 2026-06-02 |
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