First Digital Trust Expands Stablecoin FDUSD to Sui Blockchain

According to BlockBeats, First Digital Trust, a Hong Kong-based stablecoin issuer, has announced that its stablecoin FDUSD, which is already operational on Ethereum and BNB Chain, is now expanding to the Sui blockchain. The move is aimed at increasing the adoption rate of FDUSD in the decentralized finance (DeFi) sector. In an interview, First Digital's CEO, Vincent Chok, expressed that the growth of the Sui network over the past year has been impressive, and FDUSD hopes to grow alongside this network as its new stablecoin. It is reported that since its launch last year, FDUSD has reached a market value of $3.3 billion, making it the fourth-largest stablecoin by market value, following USDT, USDC, and DAI.