GetChain News
中简 中繁 EN
GetChain News
Toggle sidebar
First Digital

First Digital

FDUSD
Active

Crypto financial institution

1stdigital.com X LinkedIn

News Heat Trend

Project Overview

First Digital Trust is a technology-driven financial institution that is powering the digital assets industry. Its technology-driven cross-asset custody, trustee, escrow, and agency services reduce the gap between traditional and digital assets, from equities to digital assets. The company is the issuer of the FDUSD stablecoin.

CeFi Stablecoin Issuer Custody

Event-related news

View more View more View more View more

First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027

Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.

First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027

Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.

First Digital Blacklists Attacker Address Holding 3.4 Million FDUSD

According to on-chain detective Specter, First Digital has blacklisted the attacker's address, which holds 3.4 million FDUSD.

Binance will remove 4 spot trading pairs including BONK

According to an official announcement, Binance stated that to maintain the quality of the trading market, it will remove the BONK/FDUSD, JUP/FDUSD, LDO/FDUSD, and WAL/BNB spot trading pairs and suspend trading on October 23, 2026, at 11:00 (UTC+8). The removal of these trading pairs will not affect the normal trading of the related tokens on other pairs across the platform. Corresponding spot trading bot services will also be discontinued at the same time.

Deutsche Bank to Launch First Digital Asset Service Within Weeks, Starting with Crypto Custody in Germany

Gerald Podobnik stated Deutsche Bank will launch its first digital asset service within weeks. In the first phase, it will roll out crypto custody in Germany, supporting major cryptocurrencies such as Bitcoin and Ethereum, and will subsequently add mainstream stablecoin redemption services. The bank plans to expand its custody platform to Asian financial hubs next year and offer tokenized deposit services, helping clients issue digital bonds and other blockchain-based securities.

Sui Stablecoin Supply Approximately $478 Million, Zero-Fee Transfer Volume Exceeds $65 Billion

Odaily News: The stablecoin supply on the Sui network is currently approximately $478 million, about 69% lower than the peak of $1.6 billion in May 2025, and has remained near this level for several consecutive months.Mysten Labs, the company responsible for Sui's core development, introduced protocol-level adjustments in May, reducing stablecoin transfer fees to zero and eliminating the requirement to hold the native token SUI when making transfers. This feature supports seven stablecoins: USDC, USDsui, SuiUSDe, AUSD, FDUSD, USDB, and USDY.Since June 10, the Sui network has processed over $65 billion in zero-fee stablecoin transfers, with cumulative stablecoin trading volume exceeding $2.27 trillion since the beginning of 2024, and transaction count reaching 16 billion. (Bitcoin.com News)

First Digital Responds to Justin Sun's Latest Remarks: Completely False, Sun Has Yet to Present Any Evidence in Court to Support His Claims

First Digital CEO Vincent Chok responded on Twitter to Justin Sun’s comments regarding FDUSD made earlier that day in a post concerning the WLFI lawsuit, calling them highly inaccurate. For the 16 months since the allegations were raised, Sun has never presented any evidence in court.

Binance to Adjust Leverage and Margin Tiers for Multiple USDT-M Perpetual Contracts

that, according to an official announcement, Binance will update the leverage and margin tiers for several USDT-margined perpetual contracts at 14:30 Beijing time on June 19, 2026, involving SIRENUSDT, VELVETUSDT, RESOLVUSDT, TRUSTUSDT, THEUSDT, MAVUSDT, SANTOSUSDT, ORDIUSDT, DIAUSDT, and INXUSDT. Additionally, Binance will adjust the collateral rates for ADA and FDUSD in portfolio margin starting from 14:00 Beijing time on the same day.

Binance to Delist 12 Spot Trading Pairs, Including ENA/BTC and MAGIC/BTC, on May 8

According to the official announcement, Binance will delist and cease trading for the following spot trading pairs on May 8, 2026, at 03:00 UTC: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. At that time, Binance will also terminate its Spot Trading Bot service for these trading pairs. Users must update or cancel their bots before the service discontinuation to avoid potential losses. Delisting these trading pairs does not affect the availability of the corresponding tokens in other trading pairs on Binance.

Related news

First Digital Blacklists Attacker Address Holding 3.4 Million FDUSD

According to on-chain detective Specter, First Digital has blacklisted the attacker's address, which holds 3.4 million FDUSD.

Binance will remove 4 spot trading pairs including BONK

According to an official announcement, Binance stated that to maintain the quality of the trading market, it will remove the BONK/FDUSD, JUP/FDUSD, LDO/FDUSD, and WAL/BNB spot trading pairs and suspend trading on October 23, 2026, at 11:00 (UTC+8). The removal of these trading pairs will not affect the normal trading of the related tokens on other pairs across the platform. Corresponding spot trading bot services will also be discontinued at the same time.

Deutsche Bank to Launch First Digital Asset Service Within Weeks, Starting with Crypto Custody in Germany

Gerald Podobnik stated Deutsche Bank will launch its first digital asset service within weeks. In the first phase, it will roll out crypto custody in Germany, supporting major cryptocurrencies such as Bitcoin and Ethereum, and will subsequently add mainstream stablecoin redemption services. The bank plans to expand its custody platform to Asian financial hubs next year and offer tokenized deposit services, helping clients issue digital bonds and other blockchain-based securities.

First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027

Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.

Startale Japan Launches Japan's First Digital Corporate Bond Paying Principal and Interest in JPY Stablecoin

Odaily News: Startale Japan Co. Ltd. has announced the launch of a digital corporate bond, with both interest and principal paid in the Japanese yen stablecoin JPYSC. The bond is offered to individual and corporate investors in Japan and will not be issued to overseas investors.JPYSC is issued by SBI Shinsei Trust Bank with trust assets managed by the bank, pegged 1:1 to the Japanese yen, and classified as a Type III electronic payment instrument under Japan's Payment Services Act. SBI VC Trade serves as the issuing trustee and is responsible for issuance and distribution, while Startale Group provides the underlying technology.Startale Group CEO Sota Watanabe stated that the bond will test JPYSC's application in actual interest and principal payments. The announcement did not disclose the bond's issuance size, coupon rate, maturity date, or individual investment limits. (Bitcoin.com News)

Binance will remove several spot trading pairs, including OPEN/FDUSD, on September 11.

Binance announced that it will remove and cease trading of the OPEN/FDUSD, SAGA/FDUSD, and VELODROME/USDC spot trading pairs on September 11, 2026, at 11:00 (UTC+8).