First Digital USD FDUSD

What FDUSD actually is on-chain

First Digital USD is an ERC-20 deployed on Ethereum, at contract address 0xc5f0f7b66764f6ec8c8dff7ba683102295e16409. That address, not the ticker FDUSD, is what uniquely identifies this asset: anyone can deploy a second token calling itself FDUSD, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, FDUSD is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in FDUSD itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For FDUSD the project publishes a whitepaper and an active account as @FDLabsHQ. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where FDUSD sits in the market

#120 places First Digital USD in the top of the mid-cap band. Liquidity is already fragmented at this depth: a large share of real FDUSD volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 2 live FDUSD order books (Binance, Gate.io). That is thinner coverage than a #120 ranking would normally imply — a move on one of these books is close to the whole market for FDUSD, with no deep second venue to arbitrage it back. None of the books we see for FDUSD are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

FDUSD against its all-time high

FDUSD is 13.2% below the $1.15 record set on 2025-02-03. That is a shallow drawdown: the high itself is the nearest meaningful reference overhead, and the supply that changed hands near it is small enough that a retest is a mechanical question of flow rather than a structural one. Reclaiming the high needs only 1.15x from here. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

FDUSD across its historical range

The recorded range is comparatively narrow: 1.22x between $0.9404 and $1.15. Either the price history is short, or the asset is designed not to move.

FDUSD is within 6.1% of its all-time low of $0.9404, printed on 2024-12-05. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

FDUSD supply structure

There is no fixed maximum supply for FDUSD. Total supply stands at 399.7 million FDUSD and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. A supply in the hundreds of millions keeps the unit price in a range where round-number levels are genuinely traded, which makes price-threshold alerts more reliable than they are on high-supply tokens.

What kind of asset FDUSD is

First Digital USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. Its size is mid-range for the category — large enough to be quoted continuously, small enough that a single large redemption is visible in the price.

CoinGecko files FDUSD under 8 categories, including Stablecoins, USD Stablecoin, BNB Chain Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a First Digital USD alert that is worth receiving

First Digital USD is the ERC-20 at 0xc5f0…6409 on Ethereum — quoted on 2 venues we stream — high dated 2025-02-03 — rank #120. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →