What is First Digital USD (FDUSD)?
First Digital USD (FDUSD) is a stablecoin pegged 1:1 to the US dollar and was introduced in June 2023. It is issued by FD121 Limited, a subsidiary of First Digital Limited, a financial firm based in Hong Kong. FDUSD aims to bring stability and reliability to the highly volatile cryptocurrency market. Each FDUSD is backed by either one US dollar or an equivalent asset held in reserve, ensuring a steady value that helps to minimize the risks linked to price fluctuations seen in other cryptocurrencies.
How First Digital USD (FDUSD) Works
First Digital USD (FDUSD) operates on Ethereum and BNB Chain networks, following ERC-20 and BEP-20 token standards for compatibility with decentralized applications and cryptocurrency exchanges. The stablecoin's reserves are held in segregated accounts by First Digital Trust Limited in Hong Kong, ensuring the integrity and security of the 1:1 backing. Transparency is a key feature, with an "attestation of reserve" report audited by independent auditors to demonstrate full support for the circulating supply. FDUSD's programmability enables integration with smart contracts for various DeFi activities, and its fast transaction speeds and low fees make it suitable for cross-border payments and everyday transactions.
How Many First Digital USD (FDUSD) Tokens Are in Circulation?
FDUSD's total supply and circulating supply both amount to 2,934,157,267.
How to Buy First Digital USD (FDUSD)
Consider investing in First Digital USD (FDUSD)? It only takes 2 minutes to create an account on Bitget and start trading FDUSD.
Check out the available FDUSD trading pairs on Bitget!
Spot market
First Digital USD (FDUSD) Resources
Simple 3-step guide to buying FDUSD today in Canada
Create your free Bitget account
Select a funding method
Complete your First Digital USD purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for First Digital USD using a payment method of your choice:
Buy First Digital USD with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your First Digital USD order.
How to buy crypto with credit/debit cardBuy First Digital USD with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into First Digital USD is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your First Digital USD order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your First Digital USD order.Buy First Digital USD with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your First Digital USD order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor First Digital USD in your Bitget spot wallet
Bitget—where the world trades First Digital USD
How to buy First Digital USD for free
- Learn how to earn First Digital USD for free through the Learn2Earn promotion
- Earn free First Digital USD by inviting friends to join Bitget's Assist2Earn promotion
- Receive free First Digital USD airdrops by joining ongoing challenges and promotions
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FAQ
Can I buy $1 worth of First Digital USD?
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