First Digital Labs
Issuers
Borderless Banking, Reimagined: Secure, Instant, and Always Available.
Founders
Vincent Chok (Co-founder & CEO)
Gunnar Jaerv (Co-founder & COO)
Launch Date
2019
Key Investors
Nogle
Kenetic
About
First Digital Labs issues FDUSD, a 1:1 USD-backed stablecoin designed to revolutionize global finance. Each token is fully backed by cash or equivalent assets held in segregated structures by qualified custodians. FDUSD offers lightning-fast settlements, near-zero costs, 24/7 availability, and programmability across multiple blockchains including Ethereum, BNB Chain, Sui, and Solana. With a commitment to transparency, compliance, and security, First Digital Labs aims to reshape the financial landscape for businesses and institutions worldwide.
24/7
Always-on stablecoin availability
1:1
USD-backed stablecoin
Use Cases
- Cross-border Payments - Enables fast, low-cost international transactions.
- DeFi Lending/Borrowing - Use in decentralized finance for lending and borrowing.
- Exchange Trading - Trade FDUSD on exchanges for arbitrage and investment.
- Institutional Custody - Secure custody of FDUSD reserves for institutions.
FDUSD Stablecoin Features
- FDUSD is a 1:1 USD-backed stablecoin
- It aims to provide security, speed, and innovation in global finance
- FDUSD transactions offer lightning-fast speeds and minimal costs
- It is fully programmable
- FDUSD is available on Ethereum, BNB Chain, Sui, and Solana
FDUSD Trust and Compliance
- FDUSD is intended to be fully backed by cash and cash equivalent assets
- Tokens are intended to be redeemable 1:1 for U.S. dollars
- Reserved assets are held in fully segregated bankruptcy-remote holding structures
- Collateral is safeguarded by a qualified custodian with a trust license
- Independent third-party attestation validates the integrity of the reserves and financial reporting
Trusted by
BTSE, Binance, Gate.io, Coinhako, Pancake Swap, Uniswap, CoinMarketCap, CoinGecko
