First Digital USD FDUSD
First Digital USD leads in market ecosystem and team governance, with economic models remaining the main focus and currently holding a D- rating.
Rating updated 2026-08-04
D-26.53 / 100
Sector Rank #600 · Global Rank #1204
Overall Rating
D- · 26.53 / 100Roadmap Delivery
37.5
Tokenomics
0
Team Governance
47.17
Market Ecosystem
64.31
Security & Compliance
0
Overall Score
26.53
First Digital USD has an overall rating D-f D (total 26.22), ranking high in six dimensions for market ecosystem, team governance, and roadmap delivery. The main point of deduction is the economic model (0 points) — mainly affected by chip concentration (0 points) and short- to medium-term selling pressure (0 points).
Rating Team Conclusion: "First Digital USD has relative advantages in market ecosystem, team governance, and roadmap delivery, but its current shortcomings are concentrated in its economic model." " It is recommended to observe cautiously and not use it as a core configuration basis for now.
Six-Dimension Rating Breakdown
Roadmap Delivery
0/100Roadmap On Time Delivery Rate?Stablecoin projects lack traditional roadmaps and cannot assess delivery rates.Weight 35%0 / 100 · 0 / 100
Last 4 upgrades achieved?Stablecoin projects lack traditional protocol upgrades and cannot be evaluated.Weight 30%0 / 100 · 0 / 100
Milestones to Deliver?Stablecoin projects have no traditional pending delivery milestones.Weight 20%0 / 100 · 0 / 100
History Extension Record?Stablecoin projects have no record of traditional development delays.Weight 15%0 / 100 · 0 / 100
Technical Implementation
24/100Consensus Mechanism?As a centralized stablecoin, it relies on the security of the underlying public chain.Weight 30%50 / 100 · 50 / 100
Main network years of operation?The project has been online for a short time and still needs time to verify.Weight 15%60 / 100 · 60 / 100
Recent upgrades?Stablecoin projects without traditional protocol upgrades are not eligible for this metric.Weight 35%0 / 100 · 0 / 100
Client Diversity?As a token, there is no concept of client-side diversity.Weight 20%0 / 100 · 0 / 100
Tokenomics
0/100Deflationary Mechanism?Stablecoins aim to maintain their peg and have no deflationary mechanisms.Weight 30%0 / 100 · 0 / 100
Inflation rate?The supply of stablecoins is dynamically adjusted according to market demand.Weight 25%0 / 100 · 0 / 100
Staking rate/position lock-up rate?Stablecoins have no staking or lock-up mechanisms.Weight 25%0 / 100 · 0 / 100
Supply Upper Limit?Fiat pegged stablecoins usually have no fixed supply cap.Weight 20%0 / 100 · 0 / 100
Team Governance
51.5/100Core Development Team?Core team members have transparent information and transparent backgrounds.Weight 30%60 / 100 · 60 / 100
Governance mechanisms?As a centralized stablecoin, governance is concentrated in the issuer.Weight 25%40 / 100 · 40 / 100
Financial Transparency?Financing information is disclosed, and the funds are highly transparent.Weight 25%70 / 100 · 70 / 100
Concentration of key people?Decision-making power in centralized stablecoins is naturally centralized.Weight 20%30 / 100 · 30 / 100
Market Ecosystem
62.25/100Active Address?The number of active addresses is strong, and the user base remains stable.Weight 30%83 / 100 · 82.5 / 100
Ecological chain/L2 quantity?It has been deployed on multiple mainstream public blockchains and has strong cross-chain capabilities.Weight 25%80 / 100 · 80 / 100
DeFi TVL?There is considerable DeFi TVL in major ecosystems.Weight 25%70 / 100 · 70 / 100
Developer community?Lack of public data on developer community activities.Weight 20%0 / 100 · 0 / 100
Security & Compliance
33.25/100Historical Major Failure?There are no publicly available records of significant safety incidents.Weight 25%85 / 100 · 85 / 100
Regulatory Attitude?Stablecoins are facing increasingly strict scrutiny from global regulators.Weight 30%20 / 100 · 20 / 100
Sec Attitude?The SEC's stance on stablecoins remains unclear and controversial.Weight 30%20 / 100 · 20 / 100
Client Bug Frequency?As a token, there is no concept of client-side bug frequency.Weight 15%0 / 100 · 0 / 100
D- Peer Comparison
Export CSV| First Digital USDD- · 26.53 |  RogueD- · 26.66 |  GaiAID- · 26.65 |  Artificial Superintelligence AllianceD- · 26.64 | |
|---|---|---|---|---|
| Overall Score | 26.53 | 26.66 | 26.65 | 26.64 |
| Roadmap Delivery | 37.5 | 37.5 | 37.5 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 0 | 0 | 0 | 0 |
| Team Governance | 47.17 | 30 | 56 | 70.72 |
| Market Ecosystem | 64.31 | 9.63 | 59.98 | 51.84 |
| Security & Compliance | 0 | 51.75 | 0 | 0 |
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