FDUSD issuer: plans to expand stablecoin business to Sui network

According to BlockBeats, on April 10, Coindesk reported that Hong Kong stablecoin issuer First Digital Trust said that its stablecoin FDUSD is now expanding to the Sui blockchain after being available on Ethereum and BNB Chain. Vincent Chok, CEO of First Digital, said in an interview that the expansion aims to increase the adoption of FDUSD in the decentralized finance (DeFi) field. The growth of the Sui network in the past year has also been amazing, and FDUSD hopes to grow together as the new stablecoin of the network. It is reported that FDUSD was launched last year and has reached a market value of US$3.3 billion since its launch, making it the fourth largest stablecoin in terms of market value after USDT, USDC and DAI.