FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October 2024.
Sui the layer-one blockchain offering industry-leading performance and infinite horizontal scaling and First Digital Labs the creator of one of the world’s largest stablecoins, FDUSD today announced that FDUSD is live on Sui.
FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent months, strengthening FDUSD’s position as a versatile and interoperable stablecoin while enhancing Sui’s burgeoning DeFi ecosystem where TVL (total value locked) is over $1.5 billion.
With this integration, FDUSD’s multi-chain compatibility now extends to Sui, providing a genuinely interoperable stablecoin capable of driving DeFi applications across countless additional platforms.
By leveraging Sui’s high-performance network combined with its own powerful architecture, FDUSD enables breakthrough use cases that enhance speed and efficiency in data transfers and other on-chain operations.
Additionally, integrating protocols such as NAVI and Cetus and leveraging Sui’s native liquidity layer, DeepBook, will fuel the development of new applications further expanding FDUSD’s utility within the DeFi landscape.
Vincent Chok, founder and CEO of First Digital, said,
“We are thrilled to launch FDUSD on Sui and look forward to the new possibilities this integrat
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Author: Chainwire
