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First Digital USD

Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network. 
First Digital USD (<a href="https://crypto.news/price/fdusd/" target="_blank">FDUSD</a>), the fourth largest stablecoin by market capitalization issued by <a href="https://crypto.news/tag/hong-kong/" target="_blank">Hong Kong</a>-based firm First Digital Trust, is coming to <a href="https://crypto.news/tag/solana/" target="_blank">Solana</a> as it seeks new ecosystems after rolling out products on <a href="https://crypto.news/tag/ethereum/" target="_blank">Ethereum</a> and <a href="https://crypto.news/tag/bnb-chain/" target="_blank">BNB Chain</a> (formerly Binance Smart Chain). 
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 https://twitter.com/FDLabsHQ/status/1851584677246886112 
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In an Oct. 30 <a href="https://x.com/FDLabsHQ/status/1851584677246886112" target="_blank" rel="nofollow">announcement</a> on X, the team behind the stablecoin said the selection was due to Solana’s transactional output, calling it an “ideal solution for real-time payments and settlements.” 
The team added that FDUSD’s upcoming integration with Solana is a “part of our broader strategy to build a versatile, resilient stablecoin ecosystem.” However, the stablecoin issuer didn’t explain when exactly it plans to launch FDUSD on Solana. 
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 “With support on Ethereum, BNB Chain, Sui, and soon Solana, FDUSD is more globally accessible and liquid than ever.” 
 First Digital Trust 
</blockquote> 
 You might also like: <a rel="" href="https://crypto.news/end-of-stablecoins-why-exchanges-are-abandoning-stablecoins-in-eu/"> End of stablecoins? Why exchanges are abandoning stablecoins in EU </a> 
<h2 class="wp-block-heading" id="fdusd-quickly-expands-across-blockchain-networks">FDUSD quickly expands across blockchain networks</h2> 
Unveiled in 2023, FDUSD is <a href="https://crypto.news/first-digital-unveils-hong-kong-based-usd-stablecoin/" target="_blank">issued</a> under Hong Kong’s digital asset rules and backed by U.S. Treasury bills and bank deposits to keep its price anchored to $1. In addition to Ethereum and BNB Chain, FDUSD is also <a href="https://crypto.news/fdusd-stablecoin-sui-expansion/" target="_blank">available</a> on Sui Network. 
Shortly following its launch, Binance opened trading in Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) with FDUSD, wooing traders with zero fees. As a result, the stablecoin quickly became the fourth-largest stablecoin behind Tether’s (<a href="https://crypto.news/price/tether/" target="_blank">USDT</a>), Circle’s (<a href="https://crypto.news/price/usd-coin/" target="_blank">USDC</a>) and MakerDAO’s (<a href="https://crypto.news/price/dai/" target="_blank">DAI</a>), amassing more than $2.5 billion market capitalization, as of press time 
 Read more: <a rel="" href="https://crypto.news/first-digital-unveils-hong-kong-based-usd-stablecoin/"> First Digital unveils Hong Kong-based USD stablecoin </a>

Hong Kong stablecoin FDUSD expands to Solana

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