Bloomberg: FDUSD Issuer First Digital Plans to Go Public on the US Stock Market Through SPAC Merger

BlockBeats News, December 1st, according to Bloomberg's source, as cryptocurrency companies seek to go public in a more favorable regulatory environment, First Digital Group (issuer of FDUSD) is planning to go public through a merger with a special purpose acquisition company (SPAC).

According to sources familiar with the matter who requested anonymity, this Hong Kong-based company is set to announce the signing of a non-binding letter of intent outlining the merger plan with New York-listed SPAC company CSLM Digital Asset Acquisition Corp III. Further details have not been disclosed.