#The_gold_star $FDUSD First Digital (FDUSD) is a reserve-backed stablecoin issued by a subsidiary of Hong Kong-based financial investment firm First Digital Limited, in June 2023. FDUSD was launched on the Ethereum and BNB blockchains, with a plan to release it on other blockchains in the future. . FDUSD provides a “Proof of Reserve” report reviewed by independent auditors to prove that FDUSD is fully backed by an equivalent cash value or cash equivalents. What is First Digital USD (FDUSD)?  First Digital Coin (FDUSD) is a stablecoin issued by FD121 Limited, a subsidiary of Hong Kong-based financial investment firm First Digital Limited. The FDUSD was introduced in June 2023 with the aim of being backed by one US dollar or an asset of equal value held in reserve by First Digital Trust Limited as custodian. As First Digital Trust Limited is a trust company registered under the laws of Hong Kong, it is authorized to hold all FDUSD reserves in segregated accounts. This means that there is no confusion between the FDUSD currency reserve and other assets in the company. The reserve is held in cash or in the form of highly liquid assets, which, according to the company, ensures a 1:1 backing of the FDUSD currency. FDUSD issuer publishes a “Proof of Reserve” report reviewed by independent auditors proving that FDUSD stock in circulation is fully backed by cash or cash equivalents