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Monday, December 23, 2024
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    bitcoin
    Bitcoin (BTC) $ 95,367.55
    ethereum
    Ethereum (ETH) $ 3,292.71
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    Tether (USDT) $ 1.00
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    xrp
    XRP (XRP) $ 2.17
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    Polygon (MATIC) $ 0.473437
    polkadot
    Polkadot (DOT) $ 6.87
    tron
    TRON (TRX) $ 0.246447
    HomeFinanceFirst Digital Group, based mostly in Hong Kong, launches a stablecoin redeemable...

    First Digital Group, based mostly in Hong Kong, launches a stablecoin redeemable in USD

    First Digital Group, a Hong Kong-based certified custodian and belief firm, introduced the launch of its First Digital USD (FDUSD) Stablecoin pegged to the US greenback on June 1. The brand new stablecoin is programmable and described as having the ability to execute contracts, escrow companies and insurance coverage with out intermediaries. It’ll work on the BNB good channel.

    FDUSD is issued by First Digital Labs, a subsidiary of digital asset custodian First Digital Belief, which is regulated below the Hong Kong Trustees Ordinance. By legislation, FDUSD will likely be backed one-to-one by US greenback reserves or extremely liquid, high-quality belongings held in regulated Asian monetary establishments that can’t be co-mingled with different First Digital belongings.

    Proceed studying on Coin Telegraph

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