Hi, I'm John. The world of cryptocurrency is evolving every day, and it's exciting. However, for beginners, the amount of technical terminology can be overwhelming. Today, I'll be introducing a project called "First Digital USD (FDUSD)" in detail, just as if I were talking to a friend. FDUSD is attracting attention as a stablecoin with a stable price. Are you interested in cryptocurrency, but don't know where to start? Start by choosing an exchange. If you're opening an account for the first time, it's best to start by comparing fees and ease of use. Choosing an exchange for beginnersThis comparison guideIf you choose a place that is easy to use and safe, you can start with peace of mind.
Project Overview (Basic Info)
Let's start with the basics of FDUSD. FDUSD is a stablecoin issued in June 2023 by First Digital Trust, a subsidiary of Hong Kong-based First Digital Limited. You may be wondering, "What is a stablecoin?" Simply put, it is a virtual currency designed to prevent its price from fluctuating wildly. In the case of FDUSD, 1 FDUSD is designed to be pegged to 1 US dollar. In other words, even though it is a virtual currency, it has the stability of regular money.
Looking back, FDUSD emerged around the time that Binance, a major exchange, stopped trading another stablecoin called BUSD. It attracted attention as an alternative to BUSD and was quickly listed. According to a Cointelegraph article, it debuted on Binance on July 26, 2023, and introduced pairs with zero trading fees, making trading easier for users. It is now available on blockchains such as Solana and Sui, as well as Ethereum and BNB Chain. As Solana's official account on X (formerly Twitter) posted in January 2025, announcing that "FDUSD is now live on Solana!", strengthening the DeFi (decentralized finance) ecosystem.
Looking ahead, further blockchain integration is expected. An official press release (PRNewswire, June 1, 2023) positions it as a driver of digital asset innovation. While the total supply fluctuates, according to CoinMarketCap, its current market value is in the billions of dollars, with active trading volume. Beginners are encouraged to start with these stablecoins.
Token Supply and Price Impact (Supply Details)
Next, let's take a closer look at FDUSD's token supply. Due to the nature of stablecoins, supply increases or decreases according to demand. Historical data shows that it was initially small, but rapidly increased after listing on Binance. According to CoinGecko, the price of FDUSD is calculated in real time based on data from global exchanges and remains close to $1. As of 2025, it is trading at around 146 yen (see CoinMarketCap).
Reserves are key to price impact. FDUSD is 100% backed by cash or cash equivalents, making its peg less likely to collapse. However, in April 2025, Cointelegraph reported that after the dollar peg was temporarily lost, a redemption process worth $26 million was carried out. This maintained credibility. Currently, supply is linked to market demand and is on the rise as DeFi usage increases. In the future, it is likely that supply will expand as more exchanges and chains adopt it.
While price stability is a major attraction, it can also be indirectly affected by market fluctuations (e.g., a sudden drop in Bitcoin). Beginners should start with a small amount and get a feel for how supply works. X's Wu Blockchain account (posted on July 26, 2023) reported that "Binance has listed FDUSD and begun spot trading," which triggered an increase in supply.
Technical Mechanism
I'll explain the technical aspects of FDUSD as simply as possible. Basically, FDUSD is issued on Ethereum as an ERC-20 token, but it features multi-chain compatibility, meaning it can be used on multiple blockchains. It works on various networks, including BNB Chain, Solana, and Sui, facilitating smooth cross-chain transactions. An August 3, 2023, article in CoinDesk JAPAN stated that Binance has made trading BTC and ETH using FDUSD free, further enhancing its technical ease of use.
The previous system was a reserve-backed system managed by a trust company compliant with Hong Kong regulations. Currently, token issuance and redemption are highly transparent, with audit reports made public. In the future, integration with DeFi and payment systems is expected to progress, making it useful for yield farming and lending. Its features include high security and fast transaction speeds. Sui Network's X post (November 20, 2024) stated, "FDUSD is live on Sui! This is Sui's first extension of FDUSD's blockchain," improving liquidity and efficiency.
Simply put, FDUSD is like a "digital version of money" that can be safely transferred and stored on the blockchain. Even those who aren't good at technology can easily use it with the app.
Team & Community
Let's talk about the team behind the project. First Digital Group is a trusted financial company headquartered in Hong Kong, known as a custodian of digital assets. The team is made up of fintech and blockchain experts, and their past experience has led them to place emphasis on regulatory compliance. Their official blog and PRNewswire announcement (June 1, 2023) state that they will drive innovation as a leader in Asia.
The community is currently active, with discussions taking place mainly on X and Discord. Integration news, such as Solana's X post, has ignited excitement in the community, leading to a rapid increase in user numbers. In the future, global expansion will likely further grow the community. For beginners, the team's transparency provides reassurance. A Cointelegraph article (July 27, 2023) emphasized the reliability of First Digital Group's stablecoin.
Joining the community is a fun way to get the latest information. Why not follow our official account?
Use-Cases & Outlook
Let's take a closer look at FDUSD's specific use cases. It is primarily used as a trading pair on exchanges, conveniently exchanging it with Bitcoin and Ethereum. In the past, it was popular for its zero-fee trading on Binance. Currently, it is used in DeFi for staking and lending, functioning as a stable asset. The pp.one website (June 11, 2025) states that it is suitable for cross-chain transactions, yield farming, and payments.
The future looks bright, with more chain integrations and partnerships expected. It may even be used for everyday payments and international remittances in the future. As X's Sui post shows, it is evolving as a bridge between traditional finance and digital assets. For beginners, we recommend first buying FDUSD on an exchange and then converting it to other coins.
Looking ahead, it seems likely that FDUSD's role will grow as the stablecoin market expands.
Comparison with similar coins (Competitor Comparison)
Compare FDUSD with other stablecoins and see what sets it apart from similar projects.
- USDT (Tether): It has the largest market share, but it is centralized and has had transparency issues in the past. FDUSD differentiates itself by its strong regulatory compliance and high reliability as a Hong Kong-based company.
- USDC (USD Coin): Issued by Circle and compliant with US regulations. FDUSD is centered in Asia, has fast multi-chain deployment, and is highly flexible for DeFi with integration with Sui and Solana.
- BUSD (Binance USD): It was related to Binance but was discontinued. FDUSD was born as an alternative to BUSD and has the advantage of being a free trading pair.
FDUSD's uniqueness lies in its multi-chain compatibility, its compliance with Asian regulations, its high global accessibility, and its ability to expand faster than its competitors.
Risks & Cautions
Every project has risks. FDUSD is a stablecoin, so its selling point is price stability, but it has experienced temporary depegging in the past (Cointelegraph, April 4, 2025). This is due to market fluctuations, but caution is required. While audits can currently be conducted to verify the accuracy of the data, there is also the risk of regulatory changes. In the future, the volatility of virtual currencies as a whole may have an impact.
Please note: before investing, do your own research. Check the exchange's fees and security. If you are a beginner, start with a small amount.
Expert Opinions
Let's hear what experts have to say. Wu Blockchain's X post (July 26, 2023) positively reported on FDUSD's listing on Binance. CoinDesk JAPAN's article (August 3, 2023) analyzed the impact of zero fees and predicted trading activity. Many analysts highly praise FDUSD's multi-chain strategy.
In my analysis, its strengths are stability and scalability, and I feel it has the potential to become the standard for DeFi in the future.
Latest News & Roadmap Highlights
The latest news is that the April 2025 redemption process (Cointelegraph) has proven stability. Further chain integration and DeFi feature enhancements are planned on the roadmap. As X's Solana post (January 15, 2025) notes, expansion continues. We expect the adoption of payment systems to increase in the future.
If you follow the news, you'll see the dynamism of the project.
Beginner FAQs
Q: How do I buy FDUSD? A: At an exchange such as Binance. First, open an account.
Q: Is it safe? A: It is reserve-backed and audited, but you must understand the risks.
Q: What makes it different from other coins? A: It is multi-chain and easy to use.
Related Links
If you are having trouble with the first step of buying, try comparing major exchanges both in Japan and overseas.Beginner's GuideWhat.
My thoughts and impressions
The project we introduced this time, "First Digital USD FDUSD," is particularly notable for its multi-chain compatibility and stability. It's easy for even beginners to get started, and it also has a lot of potential for the future. I'm excited to see how it develops from here.
*This article is for informational purposes only and is not investment advice. Please make your own final decision (DYOR).
This article was independently compiled and written by the author based on the latest information from X (formerly Twitter) and reliable cryptocurrency media.