First Digital USD (FDUSD) is Now Available on Stably Ramp

Categories: AnnouncementsPublished On: February 5th, 20241.7 min read

Stably Ramp expands its stablecoin offering with the addition of FDUSD, enabling global users to buy, sell, or swap FDUSD with other digital assets and traditional payments.

Stably Ramp, a leading fiat <> crypto onramp with low transaction costs and zero listing fees, is thrilled to announce the listing of FDUSD on the Ethereum and Binance Smart Chain networks 🚀

First Digital USD (FDUSD) is a stablecoin issued by FD121 Limited, a subsidiary of Hong Kong-headquartered financial firm, First Digital Limited. Introduced in June 2023, FDUSD is intended to be backed by one U.S. dollar or asset of equivalent value held in reserves with its appointed custodian, First Digital Trust Limited. As a trust company registered under Hong Kong law, First Digital Trust Limited is mandated to safekeep all FDUSD reserves in segregated accounts. It means there is no commingling of FDUSD reserves with other assets at the firm. Reserves are also mandated to be held in cash or highly liquid assets, which the firm claims to help ensure the 1:1 backing of the FDUSD.

How to Trade FDUSD

Follow the easy steps below on how to buy, sell, or swap FDUSD with Stably Ramp:

  • Buy FDUSD with ACH (coming soon)
  • Buy FDUSD with Fedwire (coming soon)
  • Buy/sell FDUSD with SWIFT (coming soon)

Supported Regions

FDUSD is currently available on Stably Ramp in 170+ countries/regions, including 13 US states.

What is Stably Ramp?

Stably Ramp is the top fiat <> crypto onramp in Web3 with super low transaction costs for end users and zero fees for asset listings. Through a plug-and-play iFrame widget, third-party integrators can embed Stably Ramp within their applications, enabling end users worldwide to seamlessly buy, sell, or swap a vast selection of digital assets using stablecoins and traditional payment methods for as low as 0.5% in transaction fees.   

Stably is a venture-backed FinTech from Seattle, Washington. We provide regulatory-compliant stablecoin and onramp infrastructure for emerging blockchains, Web3 applications, and financial institutions, enabling their users in 170+ countries/regions to easily buy, sell, or swap digital assets at competitive rates across multiple blockchain networks with stablecoins and fiat payments. Our mission is to power the next billion Web3 users with a superior fiat & stablecoin onramp.

For all inquiries, feel free to contact us.

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