Profile
FDUSD profile facts
First Digital USD (FDUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- U.S. Treasury bills, cash in custody accounts, and fixed deposits held in reserve accounts for FD121 (BVI) Limited, as reported on September 30, 2026. A related-party Hong Kong trust company manages the accounts; underlying financial institutions are not named.
- Peg mechanism
- Direct 1:1 redemption through FD121 (BVI) Limited; reserves custodied by First Digital Trust Limited
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Independent Attestation by AOGB CPA Limited Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
FDUSD quick answers
5
What is First Digital USD (FDUSD)?
FDUSD is a BVI-issued dollar stablecoin from First Digital Labs, redeemable 1:1 and backed by U.S. Treasury bills, cash, and bank deposits. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through FD121 (BVI) Limited; reserves custodied by First Digital Trust Limited.
Is FDUSD safe?
As of Oct 24, 2026, Pharos grades FDUSD C+ (64/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs FDUSD?
Pharos records FDUSD's reserves as of Sep 30, 2026 as 89.2% U.S. Treasury Bills, 10.3% Cash, and 0.6% Fixed Deposit. Reserve evidence: Independent Attestation by AOGB CPA Limited, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can FDUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for FDUSD, when applicable, appear in the live dossier on this page.
How do you redeem FDUSD?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem FDUSD for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
