First Digital USD
FDUSD#129 by market capNot covered. The criterion it missed: homepage could not be fetched (HTTP Error 403: Forbidden).
First Digital USD is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9984, #130 of all coins by size, 13% below its highest ever price.
This week Nothing changed on its record.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #12 of 70 fiat-backed stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin5 December 2024about about 21 monthsfirstdigitallabs.com, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Binance
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last month8,654 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Fiat-backed Stablecoin ($27.7M). To match the leader, USDS ($9.86B), its price would need to rise 2927%, to about $30.22.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges (Binance)
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
194 coins tagged Stablecoins, worth $309.33B together. #23 of 194 by worth.
Fiat-backed Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
First Digital USD$325.82Mthis coin−0.0%no maxno record
USDS$9.86B30.3× bigger, +$9.54B+0.0%, gap +0.0no maxno record
Ethena USDe$4.68B14.4× bigger, +$4.35B+0.0%, gap +0.0no maxno record
Dai$4.59B14.1× bigger, +$4.26B−0.0%, gap +0.0no maxnone dated
Global Dollar$3.32B10.2× bigger, +$2.99B+0.0%, gap +0.0no maxnone dated
PayPal USD$2.87B8.8× bigger, +$2.55B+0.0%, gap +0.0no maxno record
Ripple USD$2.37B7.3× bigger, +$2.05B+0.0%, gap +0.0no maxno record
GHO$698.14M2.1× bigger, +$372.32M+0.0%, gap +0.0no maxnone dated
Fiat-backed Stablecoin: this coin next to USDS, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- First Digital USD says
- What is the project about? First Digital USD (FDUSD) aim to revolutionize the digital asset landscape.
- USDS says
- USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
What is the project about? First Digital USD (FDUSD) aim to revolutionize the digital asset landscape.
Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,327,253,815. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Fiat-backed Stablecoin: this coin next to the group's largest, USDS.
| First Digital USD | USDS | |
|---|---|---|
| Years trading | 2 years | 2 years |
| Major exchanges | 1 | 7 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 16 |
| Promises delivered | no record | no record |
What it says is different: What is the project about? First Digital USD (FDUSD) aim to revolutionize the digital asset landscape.
It is 3.3% the size of USDS. On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.15 on 2 February 2025. Today is 87% of that.
100%
of all FDUSD that will ever exist is already out in public hands: 326.34M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 326.34Min circulation of 326.34M total. No hard maximum is set, so more can be created.
- of its all-time high of $1.15 on 2 February 2025. That is −13.3% from the top.
- #130by market cap, $325,816,435.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: homepage could not be fetched (HTTP Error 403: Forbidden).
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy