First Digital USD (FDUSD)

First Digital, a Hong Kong trust company, issues this dollar stablecoin a Hong Kong trust company: every unit issued is backed by a reserve of cash and short-term debt instruments held by a trustee rather than by the token issuer itself. It appeared as a settlement unit for exchange trading pairs and is used mostly there — a way to step out of a volatile asset without leaving for the banking rails. The holder's claim runs against the issuer, not the venue where the token trades. The design follows the fiat-backed model, not the algorithmic one.

A reference description of the project, not investment advice.

30d volatility

1.22 %

90d volatility

0.94 %

Maximum drawdown over a year

−0.64 %

Maximum drawdown all time

−2.09 %

Beta to bitcoin

0.01

Correlation with bitcoin

0.56

From the all-time high

−0.90 %All-time high (by closing prices): $1.007, 4 Apr 2024

From the all-time low

+1.20 %All-time low (by closing prices): $0.9860, 2 Apr 2025

52-week range

$0.9905 — 1.193

History depth

1,200 days

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