Hong Kong-based digital asset custodian First Digital announces the launch of programmable stablecoin FDUSD

2023-06-01 10:13:38BlockBeatsShare to:

BlockBeats news, on June 1, Hong Kong digital asset custody institution First Digital Trust announced the launch of a new stable currency First Digital USD (FDUSD). FDUSD will be issued by FD121 Limited, a subsidiary of First Digital Limited, a trust company. First Digital's focus remains firmly on promoting transparency and trust. FDUSD is a programmable stablecoin capable of executing financial contracts, custody services and insurance without intermediaries. BlockBeats previously reported that in May last year, First Digital Trust, a digital asset custodian of Hong Kong financial services company Legacy Trust, announced the completion of a US$20 million financing round. Nogle and Kenetic Capital participated in this round of financing.

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