First Digital Trust plans to expand FDUSD to Sui to promote DeFi user adoption

First Digital Trust, a stablecoin issuer in Hong Kong, China, said that they will expand the stablecoin FDUSD to the Sui blockchain, which is a new move after launching Ethereum and BNB Chain. Vincent Chok, CEO of First Digital, said that this expansion is to increase the opportunities for DeFi users to use FDUSD. FDUSD is a stablecoin issued in accordance with Hong Kong's digital asset rules, backed by U.S. Treasury bills and bank deposits, and its price is anchored at $1. Since its launch last year, FDUSD has become the fourth-ranked stablecoin with a market value of US$3.3 billion, second only to Tether's USDT, Circle's USDC and MakerDAO's DAI. #Meme #suis