OnChain Benchmark — Quality Rating · Stablecoins
FDUSD Quality Rating
FDUSD (First Digital) scores 54.5/100 on OnChain Benchmark's Stablecoin Quality Rating — rated Developing (methodology v1.5, as of Nov 9, 2026).
Latest onchain read Nov 9, 2026
Updated daily
Quality score
54.5
of 100 · Developing
Dimensions measured
4
of 4
Outstanding supply
$283.8M
as of Nov 9, 2026. Last measured Nov 8, 2026
Chains
6
with measured supply
Held at this tier: a rating only changes tier after the score stays clearly past the cutoff for three days in a row.
Why FDUSD scores 54.5
The biggest gap in FDUSD's score is how concentrated its ownership is.
The four dimensions carry equal weight; their scores add up to the composite.
Composite
54.5 / 100
| Dimension | Score |
|---|---|
Holder Concentration FDUSD scores 9 of 25 on Holder Concentration. | 9 / 25 |
Transparency | 9.5 / 25 |
Reserve Quality | 18 / 25 |
Redemption Depth | 18 / 25 |
OnChain Benchmark Instrument
Outstanding supply
Measured onchain daily, summed across every chain the fund is issued on. Latest reading $283.8M.
