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First Digital USD

<div class="coinjournal">
 <ul>
 <li>Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support.</li>
 <li>FDUSD’s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui.</li>
 <li>FDUSD is the fourth-largest stablecoin by market cap with $3.3 billion – behind DAI, USDC and USDT.</li>
 </ul>
 First Digital Trust, the Hong Kong-based issuer of the US-dollar pegged stablecoin FDUSD, has announced a strategic alliance with Layer-1 blockchain Sui.
 In an update on Wednesday, First Digital said its expansion to Sui marks the first time the <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> will be available on a new block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> since its launch.
 <h2 id="span-style-font-weight-400-fdusd-now-available-on-sui-ethereum-and-bnb-chain-span">FDUSD now available on Sui, Ethereum and BNB Chain</h2>
 FDUSD, currently a $3.3 billion <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>, initially launched on Ethereum&nbsp; and BNB Chain in August 2023. Sui is the third block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> to have native FDUSD support.&nbsp;
 “The partnership between First Digital and Sui is a strategic alliance aimed at enhancing liquidity and efficiency of transactions, continuing to bridge traditional finance to the ever-expanding digital economy,” First Digital Labs pointed out via X.
 According to First Digital, the expansion is aimed at bolstering the <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>’s use in the burgeoning decentralised finance (DeFi) ecosystem on Sui.
 First Digital USD is the fourth-largest stablecoin by market cap. It’s currently behind MakerDAO’s Dai (DAI), Circle’s USDC (USDC) and top stablecoin by market cap Tether (USDT).
 Sui, on the other hand, has a market cap of just over $2 billion. The blockchain has seen notable growth amid sentiment around its Sui Basecamp, the L1 blockchain’s first global conference. 
 SUI token reached highs of $2.17 on March 27. Recent declines see it currently poised at $1.55.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/first-digital-expands-fdusd-stablecoin-to-sui-blockchain-tbt84987.html">https://thebittimes.com/first-digital-expands-fdusd-stablecoin-to-sui-blockchain-tbt84987.html</a>

First Digital expands FDUSD stablecoin to Sui blockchain

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