Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$0.9979
#109
$852,811,494
$5,306,913,206
854,681,791.23
854,681,791.23
What is the project about? First Digital USD (FDUSD) aim to revolutionize the digital asset landscape. Our mission is to empower users with a transformative financial instrument that combines the stability of cash reserves with the seamless efficiency of advanced blockchain technology. By offering a fully collateralized digital asset, our stablecoin ensures the utmost security, transparency, and transaction reliability. This strategic fusion of traditional stability and cutting-edge innovation allows users to confidently navigate the digital economy, unlocking a world of possibilities while maintaining the utmost trust in their financial interactions. What makes your project unique? Transferable: FDUSD enables frictionless and streamlined transactions, rendering it a convenient choice for a wide range of applications and scenarios. Redeemable: FDUSD is backed by high-quality reserves- cash and cash equivalents, which enable holders the ability to redeem their FDUSD tokens for their equivalent value in US dollars. Users can trust that FDUSD is always 1:1 backed. Low Fees: One notable benefit of FDUSD is its ability to offer cost-effective transactions with minimal fees. Unlike traditional financial transactions, this cost-efficiency makes FDUSD an attractive and economical choice for users. Operates on Decentralized Networks. FDUSD operates on decentralized networks that are distributed across multiple nodes. In so doing, it enhances transparency, security, and resilience. Bankruptcy Remote FDUSD is designed to be bankruptcy remote, with the reserves held in segregated accounts on a registered trust company, separated from the issuer’s operational accounts. It ensures the stablecoin remains stable and secure. History of your project. Established in 2019, First Digital is Asia’s leading multi-faceted trust partner bridging the gap between the traditional and digital financial worlds.
Rank #3
$1.01
+0.03%
Rank #6
$0.9999
+0.02%
Rank #35
$0.9995
+0.01%
Rank #150
$0.9977
+0.07%
Rank #582
$0.9990
+0.21%
Rank #596
$1.01
+0.28%
Rank #675
$0.9768
+2.49%
Rank #712
$0.9363
-0.74%
Rank #782
$1
+0.08%
Rank #2600
$1.01
+1.82%
Rank #25320
$0.005810
+4.31%
1 Dec 2025, 20:12
The First Digital IPO involves the Hong Kong-based FDUSD stablecoin issuer merging with a New York Stock Exchange-listed SPAC to go public, amid a supportive U.S. regulatory environment for crypto firms. This move highlights growing interest in public listings for digital asset companies seeking capital and legitimacy. First Digital Group plans to merge with CSLM [...]
1 Dec 2025, 19:55
The Hong Kong-based issuer of FDUSD, First Digital, is planning to go public in New York, adding to the list of crypto companies seeking public listings under the Trump administration’s supportive approach toward digital assets. First Digital Group, the Hong Kong company that issues the FDUSD stablecoin , plans to go public by merging with a special purpose acquisition company (SPAC) called CSLM Digital Asset Acquisition Corp III, which is listed on the New York Stock Exchange. The SPAC raised $230 million through an initial public offering on the Nasdaq stock market in August. The planned merger includes a private investment in a public equity deal, although details are reportedly still being worked out. Crypto companies are rushing to go public President Trump signed the GENIUS Act into law on July 18, establishing the first federal regulatory framework for stablecoins. The president’s favorable regulatory environment has also sparked a surge in crypto SPAC activity, reaching over $10 billion in 2025. Hong Kong has been relatively hot this year for listings as well. Other companies like HashKey Holdings cleared the Hong Kong Stock Exchange’s listing hearing on December 1 and could raise up to $500 million. The Thailand-based exchange Bitkub is planning to raise $200 million in a Hong Kong IPO as early as 2026 after initially abandoning its plans for a domestic listing due to weak market conditions in Thailand. The pace of crypto listings has accelerated this year, though some companies have delayed their plans following a massive digital asset selloff. First Digital continues to fight on legal fronts FDUSD is a stablecoin issued by First Digital with roughly $920 million in market circulation, down significantly from about $4.4 billion at its peak in April 2024. The company also manages reserves as a fiduciary for TrueUSD, a stablecoin operated by Techteryx. At a press conference reported by Cryptopolitan in late November, Justin Sun, the founder of the Tron blockchain and an adviser to Techteryx, accused First Digital Trust of rerouting TrueUSD reserves offshore and fabricating transaction documents to hide the transfers. A Dubai court issued a worldwide freezing order covering $456 million in assets tied to the disputed reserves. First Digital has so far denied the allegations and filed a defamation claim against Sun. In a November social media post, the company called Sun’s allegations baseless. The dispute is about whether or not First Digital was authorized to transfer TrueUSD reserve assets into illiquid vehicles managed by Aria Commodities, a Dubai-based trade finance firm. Sun claims he put up about $500 million of his own money to cover an alleged liquidity shortfall in TrueUSD. He has urged Hong Kong regulators to intervene and strengthen the supervision of trust companies. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
1 Dec 2025, 19:45
Key Highlights The Hong Kong-based stablecoin issuer, First Digital Group’s FDUSD, announced a definitive agreement to go public…
1 Dec 2025, 18:55
BitcoinWorld Strategic Move: FDUSD Stablecoin Issuer First Digital Pursues US Listing via SPAC Merger In a bold strategic move that could reshape the stablecoin landscape, First Digital Group – the Hong Kong-based custodian behind the FDUSD stablecoin – has taken a significant step toward a US public listing. The company recently submitted a letter of intent to merge with New York-based special purpose acquisition company CSLM Digital Asset. This potential SPAC merger represents more than just a financial transaction; it signals growing institutional confidence in regulated digital assets and could accelerate mainstream adoption of stablecoins like FDUSD. What Does This SPAC Deal Mean for the FDUSD Stablecoin? The proposed merger between First Digital Group and CSLM Digital Asset follows a growing trend of crypto companies seeking public markets through SPAC vehicles. Unlike traditional IPOs, SPAC mergers often provide faster pathways to public listings with more predictable pricing. For the FDUSD stablecoin, this move could bring several immediate benefits: Enhanced regulatory compliance through US listing requirements Increased transparency with regular public financial disclosures Greater institutional trust from being associated with a publicly-traded entity Improved liquidity access through connection to US capital markets This development comes at a crucial time when stablecoins face increasing regulatory scrutiny worldwide. A US listing would position the FDUSD stablecoin issuer to navigate these challenges more effectively. Why Choose the SPAC Route for a Stablecoin Listing? First Digital’s decision to pursue a SPAC merger rather than a traditional IPO reveals strategic thinking about market timing and regulatory positioning. SPAC transactions typically offer more certainty regarding valuation and funding than conventional public offerings. For a cryptocurrency company operating in evolving regulatory environments, this predictability matters significantly. The choice of CSLM Digital Asset as merger partner also carries symbolic weight. As a New York-based SPAC focused specifically on digital assets, CSLM brings expertise in navigating both financial markets and crypto regulations. This specialized knowledge could prove invaluable as First Digital expands its FDUSD stablecoin operations globally while maintaining compliance across jurisdictions. How Will This Affect the Broader Stablecoin Market? The potential public listing of a major stablecoin issuer represents a milestone for the entire cryptocurrency sector. Currently, most stablecoin operations remain private enterprises with limited public transparency. A successful SPAC merger for First Digital could establish new benchmarks for: Corporate governance standards in the crypto industry Reserve transparency practices for stablecoin issuers Regulatory engagement models between crypto firms and authorities Investor protection frameworks for digital asset companies Moreover, this development may pressure other stablecoin issuers to pursue similar public market strategies, potentially leading to more standardized practices across the industry. The FDUSD stablecoin’s journey could become a template for how digital asset companies bridge traditional and crypto financial systems. What Challenges Might First Digital Face? Despite the promising aspects of this SPAC merger, several challenges warrant consideration. Regulatory approval processes for crypto-related public listings have become increasingly stringent, particularly following recent market volatility and high-profile failures. First Digital must demonstrate robust compliance frameworks and risk management practices to satisfy both US regulators and potential investors. Additionally, the company faces competition from established stablecoins with larger market shares. The FDUSD stablecoin must differentiate itself through unique value propositions, whether through technological advantages, regulatory partnerships, or innovative use cases. Success in public markets requires not just compliance but also compelling growth narratives that resonate with mainstream investors. Conclusion: A Strategic Inflection Point for Stablecoins First Digital’s pursuit of a US listing via SPAC merger represents more than corporate finance maneuvering – it signals maturation within the stablecoin sector. As regulatory frameworks evolve globally, public market access provides both validation mechanisms and growth capital for compliant digital asset companies. The FDUSD stablecoin’s journey toward public markets could establish important precedents for how cryptocurrency businesses interface with traditional finance while maintaining innovation momentum. Frequently Asked Questions What is First Digital Group? First Digital Group is a Hong Kong-based cryptocurrency custodian and financial services company best known for issuing the FDUSD stablecoin, a digital currency pegged to the US dollar. What is a SPAC merger? A SPAC (Special Purpose Acquisition Company) merger occurs when a publicly-traded shell company with no commercial operations merges with a private company to take it public, providing an alternative to traditional IPOs. How will this affect FDUSD stablecoin users? Current FDUSD stablecoin users should experience minimal immediate changes. Long-term benefits may include enhanced regulatory compliance, increased transparency about reserves, and potentially broader adoption through institutional partnerships. When might the merger be completed? SPAC mergers typically take several months to complete after letters of intent are signed, depending on regulatory approvals, due diligence, and shareholder votes. No specific timeline has been announced yet. Will this make FDUSD more widely available? Potentially yes. A US public listing could increase institutional adoption and integration with traditional financial platforms, making the FDUSD stablecoin accessible through more exchanges and financial services. What are the risks of this SPAC merger? Potential risks include regulatory hurdles, market volatility affecting valuation, integration challenges between the companies, and increased public scrutiny of First Digital’s operations and reserves. Found this analysis of the FDUSD stablecoin’s strategic move insightful? Share this article with your network on social media to spark conversations about cryptocurrency innovation and traditional finance convergence. Your shares help educate others about important developments shaping the future of digital assets. To learn more about the latest stablecoin trends, explore our article on key developments shaping cryptocurrency institutional adoption and regulatory evolution. This post Strategic Move: FDUSD Stablecoin Issuer First Digital Pursues US Listing via SPAC Merger first appeared on BitcoinWorld .
