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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.
Event-related news
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.
Binance Launches Debit Card Registration Page, Accepting Expressions of Interest Until April 30
According to crypto KOL AB Kuai.Dong, cryptocurrency exchange Binance recently launched its Binance Debit Card registration page and opened pre-registration applications, with the deadline set for April 30. After registration, the page indicates users will be notified separately once the card becomes available in their region. As described, users can use assets such as USDC, USDT, FDUSD, and BNB held in their Binance Earn accounts for everyday card payments, earning up to 3% cashback—without affecting their Earn returns.
Related 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).
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.
HSBC Completes First Digital-Native Structured Product Issuance in Hong Kong
According to The Defiant, HSBC completed the first private placement of a digital-native structured product in Hong Kong, with USD-denominated notes issued directly on the blockchain (rather than digitized after issuance). Marketnode served as the tokenization agent and digital payment agent, responsible for managing the flow of funds between the issuer and investors. This issuance was positioned as a pilot project aimed at verifying the application potential of tokenization technology throughout the product's full lifecycle (issuance, settlement, ongoing servicing). It is a continuation of HSBC's multi-year strategic layout in the digital asset sector. Previously, the bank launched the HSBC Orion tokenization platform and retail gold tokens, and participated in the Monetary Authority of Singapore's Project Guardian alongside Marketnode and UOB.
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 Spot Trading Pairs Including ATOM/FDUSD, AXS/BTC, CELO/BTC, and GAS/BTC
According to the official announcement, based on recent review results, Binance will delist the following spot trading pairs and suspend trading for them: May 15, 2026, at 11:00 AM (UTC+8): ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.