First Digital USD
Best forUsers seeking a middle-ground between purely-fiat-backed stablecoins and higher-yield alternatives.
Overall
6.3
Score breakdown
Supply
2.0
Transparency
7.0
Regulation
6.0
Collateral quality
8.0
Depeg history
9.0
Adoption
6.0
+−Why these scores
- Supply · 2.0/10
- Circulating supply of $346.31M — small stablecoin; limited liquidity and exchange coverage.
- Transparency · 7.0/10
- Monthly attestations by Prescient Assurance. Reserves held at Hong Kong regulated custodians. Less established than USDC but more transparent than USDT.
- Regulation · 6.0/10
- Hong Kong regulated. Not US or EU registered. Limited jurisdictional coverage.
- Collateral quality · 8.0/10
- Cash and short-duration US Treasuries per attestations. High-quality collateral, though shorter operational history than USDC.
- Depeg history · 9.0/10
- Launched 2023, no depeg events. Clean operational record but short history.
- Adoption · 6.0/10
- Top-10 stablecoin — supported on most major exchanges but not always available as primary pair.
▲ Pros
- Collateral quality (8/10): Cash and short-duration US Treasuries per attestations
- Depeg history (9/10): Launched 2023, no depeg events
▼ Cons
- Supply (2/10 — major concern): Circulating supply of $346.31M — small stablecoin; limited liquidity and exchange coverage
- Transparency (7/10 — noticeable weakness): Monthly attestations by Prescient Assurance
- Regulation (6/10): Hong Kong regulated
- Adoption (6/10): Top-10 stablecoin — supported on most major exchanges but not always available as primary pair
Circulating supply$346.31MIssuerFirst Digital TrustPeg mechanismFiat + TreasuriesTransparency7/10Regulation6/10Depeg history9/10