STABLECOIN / USD
FDUSD
First Digital USD, issued by FD121 (BVI) Limited. Fiat-backed.
Supply snapshot: 2026-09-14. API captured 2026-09-14 12:10:59 UTC. Price-update time is not supplied by the provider. Selected document fields reviewed 2026-09-12; other fields need review.
OVERVIEW
What is FDUSD?
First Digital USD (FDUSD) is a USD-denominated fiat-backed stablecoin associated with FD121 (BVI) Limited. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
ISSUER / OPERATORFD121 (BVI) Limited
BACKING MODELCash and cash equivalents in segregated custody
REDEMPTION ROUTEOnboarded eligible clients; AML/CTF and suspension terms apply
DOCUMENT REVIEW / 2026-09-12
What the sources establish.
Custody licensing is not stablecoin issuance approval
The transparency page names FD121 (BVI) Limited separately from reserve custodian First Digital Trust. It says issuance authorization is being sought and does not offer direct sales to retail customers. The displayed reserve breakdown is dated 31 July 2026, not the September review date. Monthly reporting and custodian licensing should not be read as universal product approval or guaranteed immediate redemption.
Read the source ↗01 / ISSUER & STRUCTURE
What supports the unit.
- UNIT
- USD Not field-reviewed
- ISSUANCE MODEL
- Fiat-backed Not field-reviewed
- YIELD PROFILE
- No Not field-reviewed
- REGULATORY POSTURE
- Issuer says stablecoin issuance authorization is being sought Source · 2026-09-12 ↗
02 / INTERPRETATION
How to read this record.
Only fields with their own dated source link were checked in the latest document review. Other descriptions remain historical reference material, even when a general source link is available.
Market cap is estimated as dated token supply multiplied by the USD price captured from the API. The two inputs are not guaranteed to be simultaneous. Supply change compares exact 30-day history points in token units, not dollar value or investment return. Network counts include tracked bridges.
03 / QUESTIONS
Common questions about FDUSD.
What is FDUSD?
First Digital USD (FDUSD) is a USD-denominated fiat-backed stablecoin associated with FD121 (BVI) Limited. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
Who issues FDUSD?
The Stablrcoin record identifies FD121 (BVI) Limited as the issuer, operator or governing organization associated with First Digital USD. The exact legal role can differ between company-issued tokens and decentralized protocols, so the linked primary source remains authoritative.
What backs FDUSD?
The directory describes the reserve or collateral model as Cash and cash equivalents in segregated custody. That field has a dated source in the document review from 2026-09-12.
Can FDUSD be redeemed?
The recorded redemption route is: Onboarded eligible clients; AML/CTF and suspension terms apply. The route has a dated source in the document review from 2026-09-12. Eligibility, minimums, settlement windows and fees can still depend on the issuer, account type and jurisdiction.
Does FDUSD pay yield?
The listed yield profile is No. Yield from a separate wrapper, savings product or protocol position is not the same as yield built into the stablecoin itself and can introduce additional risks.