First Digital Labs launched the FDUSD stablecoin on the Sui network

Vincent Chock, CEO of First Digital Labs, the issuing company of FDUSD, said the expansion of the list of supported networks is part of a global program to increase the use of FDUSD in the decentralized finance (DeFi) sector.

Sui Foundation Ecosystem Development Director Greg Siourounis said the FDUSD integration will have a significant impact on the community, increasing the liquidity and utility of the network, and opening up new opportunities for users and developers.