First Digital Labs proudly announces that First Digital USD (FDUSD®), the third-largest fiat-backed stablecoin globally, is now natively available on the Solana blockchain. This integration marks a significant milestone in FDUSD’s mission to deliver accessible, high-performance stablecoin solutions across a growing list of blockchain networks, including Ethereum, BNB Chain, and Sui.
By integrating with Solana’s high-performance blockchain technology, FDUSD® aims to leverage ultra-fast transaction speeds, low costs, and unparalleled scalability. These capabilities will enable FDUSD® to meet the increasing demand for cross-chain stablecoin solutions, facilitating seamless payments and innovative decentralized finance (DeFi) applications for users worldwide.
Driving Innovation on Solana
From launch, key protocols on Solana such as Kamino Finance, Raydium and Meteora will integrate FDUSD, enriching the ecosystem with enhanced liquidity and options for DeFi users. Supporting wallets on day one include Phantom and Web3Wallet.
Businesses and institutions can access FDUSD on Solana by applying for an account and directly minting with First Digital Labs, which provides a direct on/off-ramp for converting fiat to FDUSD on Solana.
In the coming days, FDUSD on Solana will also be available for deposits and withdrawals on major centralised exchanges, further expanding access for retail and institutional users.
Empowering Global Payments and DeFi
“As the demand for efficient, low-cost cross-border payments and scalable DeFi solutions continues to grow, our expansion to Solana aligns with our vision of a more inclusive, interoperable financial ecosystem,” said Vincent Chok, Founder and CEO at First Digital. “We are thrilled to bring FDUSD’s stability and utility to the Solana community, driving innovation in stablecoin payments and decentralized applications.”
Solana's stablecoin ecosystem has seen significant growth, with over $454 million in recent stablecoin inflows, making it a leader in volume across networks,” said Lily Liu, President of Solana Foundation. “The integration of FDUSD is expected to further boost liquidity and drive innovation, enabling new use cases for users throughout the ecosystem.
FDUSD’s availability on Solana opens new opportunities for users to seamlessly transact, invest, and access decentralized services. Whether it’s for remittances, cross-border payments, or everyday spending, FDUSD continues to empower users with reliable, multi-chain solutions.
DISCLAIMER
This publication is general in nature and is not intended to constitute any professional advice or an offer or solicitation to buy or sell any financial or investment products. You should seek separate professional advice before taking any action in relation to the matters dealt with in this publication. Please note our custody services of the reserves are provided by First Digital Trust Limited.
