About First Digital USD

First Digital USD (FDUSD): project-specific research profile

What defines First Digital USD

FDUSD is a fiat-backed dollar stablecoin issued through First Digital’s structure.

The mechanism that matters for FDUSD

Its market role is concentrated in exchange and trading liquidity, so issuer reserves and venue concentration both matter.

What to verify before interpreting FDUSD

Follow attestations, redemption access, supported chains and changes in exchange usage.

Source discipline: Use current primary documentation for material changes to First Digital USD (FDUSD); CryptoHeat market figures are live and can change independently of this profile.