CandleFocus Hong Kong stablecoin FDUSD expands to Solana
2024-10-30
Author: Content Editor
Hong Kong-based stablecoin issuer First Digital Trust is expanding its FDUSD token to the Solana network. FDUSD, the fourth largest stablecoin by market capitalization, is currently available on Ethereum and BNB Chain, and the expansion to Solana will bring faster and more efficient transactions to users. First Digital Trust selected Solana due to its transactional output, which is ideal for real-time payments and settlements. The integration with Solana is part of First Digital Trust's strategy to build a versatile and resilient stablecoin ecosystem. FDUSD is backed by U.S. Treasury bills and bank deposits and is currently the fourth-largest stablecoin in the market.
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