First Digital USD

FDUSD is deployed on the Ethereum and BNB Chain networks, which "leverage consensus mechanisms such as proof of stake (PoS) or proof of staked authority (PoSA), ensuring transaction confirmation, record immutability and transparency for market participants."

First Digital USD was launched by the Hong Kong-based company First Digital Labs in 2023. The Wikipedia article does not mention the specific founders of the company.

The key differences between FDUSD and USDT (Tether) are: Issuer: FDUSD is issued by First Digital Labs, a Hong Kong-based company, while USDT is issued by Tether, a different company. Reserves: The Wikipedia article states that the reserves of FDUSD "consist mainly of cash or cash equivalents (79%)," while the reserves backing USDT have been a source of controversy. Regulatory Oversight: The article notes that S&P Global Ratings has deemed the ability of FDUSD to maintain its peg to the US dollar as "constrained," suggesting potential regulatory or stability concerns. USDT has also faced regulatory scrutiny in the past. Blockchain Networks: FDUSD is deployed on Ethereum and BNB Chain, while USDT is available on multiple blockchain networks.