Native FDUSD now Live on Sui
Following the announcement in April as Sui’s first natively integrated, non-wrapped stablecoin, FDUSD is now live on Sui!
This move marks an important step in FDUSD's expansion into broader DeFi applications, augmenting its multi-chain compatibility and providing stablecoin liquidity and infrastructure on Sui that aims to enhance the ecosystem's growth and stability.
With its debut on the fast and secure Sui network which recently crossed the $1B TVL milestone, FDUSD can be integrated into various applications, powering new use cases for users and developers building with stablecoins.
The partnership between First Digital and Sui is a strategic alliance aimed at enhancing liquidity and efficiency of transactions, continuing to bridge traditional finance to the ever-expanding digital economy.
Why Is This Important?
- Expansion into DeFi: Enhancing multi-chain compatibility, FDUSD is evolving into a chain-agnostic digital currency, cementing its position as a global and interoperable stablecoin.
- Innovative Use Cases: Leveraging the speed and efficiency of the Sui network, FDUSD will enable more innovative applications in payments and data transfers.
- Protocol Integration: With FDUSD's integration into decentralized protocols, new use cases in lending, borrowing, and yield earning will emerge, further enhancing its utility.
Native FDUSD issued by First Digital Labs
Token Name: FDUSD
Token Symbol: FDUSD
Mainnet Address: 0xf16e6b723f242ec745dfd7634ad072c42d5c1d9ac9d62a39c381303eaa57693a
Get Started with FDUSD on Sui
Businesses and institutions can gain access to FDUSD on Sui by directly minting with First Digital Labs (FD121 Limited). Users will soon be able to swap assets for FDUSD on several DEXes within the Sui ecosystem. For those looking to purchase FDUSD via an exchange, stay tuned for a major upcoming announcement.
Looking Ahead
The deployment of FDUSD on Sui is a significant development aimed at enhancing both the Sui and FDUSD ecosystems. Stay tuned for more updates and be prepared to leverage the benefits of this native stablecoin integration.
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.
