FDLabsHQ announced the launch of FDUSD, the fastest-growing 1:1 dollar-backed stablecoin, on the Sui blockchain, marking its first expansion since its inception in August 2023. FDUSD, issued by First Digital Trust, has expanded its $3 billion market to Sui, following previous launches on Ethereum and BNB Chain. The stablecoin, adhering to Hong Kong's digital asset regulations and supported by Binance, is now among the top stablecoins by market value, trailing only USDT, USDC, and DAI. This move aims to transform global finance and is seen as a pivotal moment for DeFi integration on the Sui network.
First Digital Labs to Launch FDUSD #Stablecoin on L1 Blockchain Network Sui https://t.co/WDlQERX7xy
#FDUSD stablecoin coming to Sui https://t.co/SRSt0mvD2o
UPDATE: FDUSD, the Hong Kong-based stablecoin, expands its reach to the @SuiNetwork, marking a pivotal moment in DeFi integration. More detailsβ¦β #FDUSD #Sui (By: @ComposableD) https://t.co/pL4wNW0Pcu
First Digital Trust's stablecoin, FDUSD, is expanding to the Sui network after previous expansions to Ethereum and BNB Chain https://t.co/St8VBPaj8I
π @FDLabsHQ's $FDUSD will be integrated into @SuiNetwork π Transform global finance with $FDUSD, an innovative digital #stablecoin backed 1:1 by $USD, providing security, speed, and advancements for businesses and developers worldwide π½ VISIT https://t.co/yQN9HGDmtPβ¦ https://t.co/55uN31SHp8
π $FDUSD, developed by @FDLabsHQ, is set to become the first native 1:1 dollar-backed stablecoin on the @SuiNetwork. https://t.co/ttpIRAQK3h
Following the launch of Ethereum and BNB Chain, the stablecoin FDUSD will be expanded to the Sui blockchain. FDUSD is issued in accordance with Hong Kong's digital asset regulations. With the support of Binance, its market value is currently only lower than USDT, USDC and DAI.β¦
UPDATE: FDUSD STABLECOIN ISSUER, FIRST DIGITAL TRUST, EXPANDS $3B $FDUSD STABLECOIN TO SUI BLOCKCHAIN
Today, @FDLabsHQ announced that they are launching FDUSD, the fastest-growing stablecoin in crypto, on Sui β making it the first 1:1 backed dollar native stablecoin on the network! Sui will be the first chain FDUSD has expanded to since its inception in August 2023. https://t.co/vohukgo7Sc