First Digital Labs (@FDLabsHQ) — Twitter Score 22 out of 1000

First Digital Labs is the stablecoin issuer behind FDUSD, a fiat-backed digital dollar designed to be redeemable 1:1 for U.S. dollars and available to eligible institutional and professional clients. First Digital Labs's Twitter Score is 22 out of 1000 as of July 2026, ranking #49,215 (top 10%) among 531,432 tracked accounts.

First Digital Labs is the brand name of FD121 (BVI) Limited, a British Virgin Islands-registered subsidiary of First Digital Group, founded by Vincent Chok as Founder and Chief Executive Officer. FDUSD was first introduced in June 2023, originally issued through FD121 Limited, a Hong Kong entity. In August 2025, First Digital Labs announced that issuance had transitioned to the newly incorporated FD121 (BVI) Limited, with reserve custody, governance standards and monthly attestation reports remaining unchanged.

First Digital Labs states that FDUSD reserves are held in cash, very short-dated U.S. Treasury bills and overnight reverse-repurchase agreements, structured through a bankruptcy-remote trust. First Digital Trust Limited provides custody for those reserve assets, which First Digital Labs states are segregated from the custodian's own holdings. Monthly independent reserve-attestation reports are published to support transparency. Minting and redemption are restricted to institutional or professional clients who have completed required AML and CTF checks; FDUSD is not sold directly to retail customers.

First Digital Labs has expanded FDUSD across multiple blockchain networks. Native deployments launched on Sui in November 2024, on Solana in January 2025 with integrations for Kamino Finance, Raydium and Meteora, on Arbitrum in June 2025 and on TON in July 2025. On BNB Smart Chain, First Digital Labs deployed EIP-3009 support in December 2025, enabling third parties to sponsor gas for authorized transfers. Partnership activity has included a collaboration with BVNK announced in January 2025 to expand FDUSD-based payments and trading use cases, an integration with Canza Finance adding FDUSD as a settlement option for institutional and B2B workflows, and a strategic partnership with Singapore Gulf Bank to enhance FDUSD banking, settlement and liquidity-management infrastructure.

First Digital Labs navigated a notable market event in April 2025 when Justin Sun publicly alleged that First Digital Trust was insolvent, causing FDUSD to briefly lose its dollar peg. First Digital Labs denied the allegations and stated it would pursue legal action; the insolvency claim remains an allegation and has not been established as fact. First Digital Labs's account has 8,254 followers as of July 2026 and has published 609 posts. First Digital Labs has been mentioned by 97 accounts a total of 152 times.

Who follows First Digital Labs on X?

The accounts that follow First Digital Labs include 65 founders, 14 angel investors, 42 influencers and 3 VCs. Among them are Toly, Solana, Mario Nawfal, DeFi Dad defidad.eth, DEGEN NEWS and Sui.