FDUSD, the project is doing somethingđ
First Digital Trust, the issuer of stablecoins, said on Wednesday that it will expand the stablecoin FDUSD to the Sui blockchain after launching on Ethereum and BNB Chain.
Vincent Chok, CEO of First Digital, said in an interview that the expansion is part of First Digital's efforts to increase the use of FDUSD among DeFi users. FDUSD is issued in accordance with Hong Kong's digital asset rules and is backed by U.S. Treasury bills and bank deposits to keep its price anchored at $1. It has become the fourth largest stablecoin after USDT, USDC and DAI, with a market value of $3.3 billion since its launch last year.
Now that Binance's passive mining has been carried out, most people know more or less about FDUSD, and it will definitely be recognized by more chain and ecological users.
