# FDUSD: First Digital USD

FDUSD is First Digital Labs’ dollar stablecoin, redeemable 1:1 and backed by reserves held in segregated custody accounts.

## Key details

- **Issuer:** FD121 (BVI) Limited
- **Reference currency:** USD
- **Backing model:** Cash and short-duration US dollar assets
- **Created:** 2023-06-01

## About

First Digital Trust was established in Hong Kong in 2019 to bridge traditional trust and custody services with digital assets. Its stablecoin arm launched FDUSD in June 2023, expanded it across several networks, and transitioned issuance to FD121 (BVI) Limited in 2025.

## Supported chains

- Ethereum
- BNB Smart Chain
- Solana
- Sui
- Arbitrum
- TON

- **Reference contract:** `0xc5f0f7b66764F6ec8C8Dff7BA683102295E16409` (Ethereum)

## Legal jurisdiction

British Virgin Islands (issuer) / Hong Kong (governing law)

FD121 (BVI) Limited issues FDUSD under terms governed by Hong Kong law. FD121 states that it is a financial-technology company, not a bank or trust company.

## Sources

- [Official site](https://www.firstdigitallabs.com/fdusd)
- [First Digital Labs](https://www.firstdigitallabs.com/fdusd)
- [First Digital FDD terms](https://www.firstdigitallabs.com/legal/fdd-terms)

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

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Fiber is a financial technology company, not a bank. Banking services are provided by SSB, Member FDIC. Funds deposited at SSB are eligible for FDIC insurance up to $250,000 per depositor, per insured bank, subject to applicable limitations and FDIC rules.