Posted 4/10/2024, 7:00:00 AM
First Digital Trust Brings $3B FDUSD Stablecoin to Fast-Growing Sui Blockchain
- Hong Kong-based First Digital Trust is expanding its $3B FDUSD stablecoin to the Sui blockchain after Ethereum and BNB Chain
- The expansion aims to boost FDUSD usage among DeFi users, says First Digital CEO Vincent Chok
- FDUSD is the 4th largest stablecoin, benefiting from Binance promotion after its BUSD stablecoin shutdown
- FDUSD will be the first top stablecoin natively issued on Sui, which has seen rapid growth to $700M TVL
- Sui Foundation says FDUSD integration will fuel liquidity, expand utility, and unlock new possibilities for builders and users