{"id":28963,"date":"2024-04-10T10:01:32","date_gmt":"2024-04-10T10:01:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/first-digital-expands-fdusd-stablecoin-to-sui-blockchain\/"},"modified":"2024-04-10T10:01:32","modified_gmt":"2024-04-10T10:01:32","slug":"first-digital-expands-fdusd-stablecoin-to-sui-blockchain","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/first-digital-expands-fdusd-stablecoin-to-sui-blockchain\/","title":{"rendered":"First Digital expands FDUSD stablecoin to Sui blockchain"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/sui-token-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/sui-token-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/sui-token-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/sui-token-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support.<\/span><\/li>\n<li><span style=\"font-weight: 400\">FDUSD\u2019s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui.<\/span><\/li>\n<li><span style=\"font-weight: 400\">FDUSD is the fourth-largest stablecoin by market cap with $3.3 billion \u2013 behind DAI, USDC and USDT.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">First Digital Trust, the Hong Kong-based issuer of the US-dollar pegged stablecoin FDUSD, has <a href=\"https:\/\/twitter.com\/FDLabsHQ\/status\/1777966893602934874\" target=\"_blank\" rel=\"noopener\">announced<\/a> a strategic alliance with Layer-1 blockchain Sui.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In an update on Wednesday, First Digital said its expansion to Sui marks the first time the stablecoin will be available on a new blockchain <a href=\"https:\/\/coinjournal.net\/news\/hong-kong-based-first-digital-launches-new-usd-backed-stablecoin\/\">since its launch<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">FDUSD now available on Sui, Ethereum and BNB Chain<\/span><\/h2>\n<p><span style=\"font-weight: 400\">FDUSD, currently a $3.3 billion stablecoin, initially launched on Ethereum\u00a0 and BNB Chain in August 2023. Sui is the third blockchain to have native FDUSD support.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cT<em>he 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<\/em>,\u201d First Digital Labs pointed out via X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to First Digital, the expansion is aimed at bolstering the stablecoin\u2019s use in the burgeoning decentralised finance (DeFi) ecosystem on Sui.<\/span><\/p>\n<p><span style=\"font-weight: 400\">First Digital USD is the fourth-largest stablecoin by market cap. It\u2019s currently behind MakerDAO\u2019s Dai (DAI), Circle\u2019s USDC (USDC) and top stablecoin by market cap Tether (USDT).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sui, on the other hand, has a market cap of just over $2 billion. The blockchain has seen <a href=\"https:\/\/coinjournal.net\/news\/sui-spikes-in-weekly-dex-volume-joins-top-10-of-all-blockchains\/\">notable growth<\/a> amid sentiment around its <a href=\"https:\/\/coinjournal.net\/news\/gaming-stablecoins-and-product-innovation-take-the-stage-at-sui-basecamp-inaugural-global-conference-for-the-sui-ecosystem\/\">Sui Basecamp<\/a>, the L1 blockchain\u2019s first global conference. <\/span><\/p>\n<p><span style=\"font-weight: 400\">SUI token reached highs of $2.17 on March 27. Recent declines see it currently poised at $1.55.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/first-digital-expands-fdusd-stablecoin-to-sui-blockchain\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support. FDUSD\u2019s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui. FDUSD is the fourth-largest stablecoin by [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28963"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28963"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28964"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}