FDUSD is a dollar stablecoin issued by First Digital Labs and backed by US Treasury Bills. Custodied by First Digital Trust in Hong Kong with monthly attestations. Popular on Binance and other Asian exchanges.
Market Cap
$412.4M
Peg Deviation
+0.109%
Regulatory Grade
A
Regulatory Score
82/100
Issuer & Reserve Details
Issuer
First Digital Labs
Issuer Type
Centralized
Treasury Transparency
Audited Reports
Backing Type
Fiat & T-Bills
Reserve CompositionUS Treasury Bills and cash equivalents held in trust by First Digital Trust (Hong Kong licensed custodian). Monthly attestation reports.
Peg Mechanism1:1 minting and redemption through First Digital.
Regulatory Scorecard
CLARITY COMPLIANT
Reserve CompositionAll reserves in GENIUS Act permitted assets
Compliant20/20
Audit & TransparencyMonthly audits by Prescient Assurance
Partial13/20
Redemption Rights≤2 Business Days redemption
Compliant13/15
Issuer LicensingForeign jurisdiction
Partial8/15
Consumer ProtectionConsumer protections in place
Compliant15/15
CLARITY ClassificationPermitted payment stablecoin classification
Compliant13/15
Reserve Assets
T-Bills (≤93 days), Cash & Bank Deposits
Audit Frequency
Monthly by Prescient Assurance
Redemption
≤2 Business Days+ Fiat
License
Foreign Regulated
Hong Kong (First Digital Trust)
Classification
Permitted Payment Stablecoin
Backing Ratio
100% (Segregated)
Top Yields for FDUSD
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 cetus-clmm |  Sui | DeFi | Unknown | 15.08% | $125,672 | CCC · 48 Risk score 48/ 100 CCC — Risky confidence 32% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit25 TVL < $1M (very small) Counterparty· low conf50 Protocol "cetus-clmm" not in v1.0 permissionless list — neutral default Chain60 Chain "sui" base score 60 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 venus-core-pool |  BSC | DeFi | Unknown | 5.29% | $3.2M | B · 50 Risk score 50/ 100 B — Moderate confidence 32% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit45 TVL ≥ $1M (small) Counterparty· low conf50 Protocol "venus-core-pool" not in v1.0 permissionless list — neutral default Chain60 Chain "bsc" base score 60 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 aave-v3 Multiple Audits | BSC | DeFi | Lending | 2.60% | $142,863 | B · 53 Risk score 53/ 100 B — Moderate confidence 42% Smart Contract68 4 audit(s); recent (≤18mo) found Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit25 TVL < $1M (very small) Counterparty73 aave-v3 is permissionless (no admin custody of user funds) Chain60 Chain "bsc" base score 60 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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