Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»FDUSD Stablecoin Launches on Sui Blockchain
ADOPTION NEWS

FDUSD Stablecoin Launches on Sui Blockchain

By Crypto FlexsNovember 20, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
FDUSD Stablecoin Launches on Sui Blockchain
Share
Facebook Twitter LinkedIn Pinterest Email

Rebecca Moen
November 20, 2024 14:36

First Digital is introducing the stablecoin FDUSD as the native token of the Sui blockchain, expanding DeFi options and demonstrating institutional trust in Sui’s growing ecosystem.





First Digital has expanded its stablecoin offering by launching the FDUSD stablecoin as the native token of the Sui blockchain. According to the Sui Foundation, this development provides additional options for decentralized finance (DeFi) users, further enhancing the diversity of the ecosystem.

FDUSD Joins Sui’s Stablecoin List

FDUSD joins the growing list of stablecoins on the Sui platform that already includes USDC and AUSD. Previously available on the Ethereum and BNB chains, the launch of Sui on FDUSD marks a new chapter for stablecoins pegged one-to-one to the US dollar. This addition highlights the growing trust in Sui from institutional finance companies.

Sui’s growth and stability

The Sui blockchain has seen significant growth over the past year, with a 430% increase in total value locked (TVL) and a 692% increase in DeFi volume. These metrics reflect the platform’s growing influence in the cryptocurrency space, attracting the attention of various financial institutions.

Support and Security from FDUSD

First Digital Labs supports FDUSD with reserves held in Asian banks and U.S. Treasury debt. As of September 30, 2024, an independent audit report confirmed that First Digital Labs maintains at least $2,817,942,313 in reserves to ensure the reliability and security of its stablecoins.

The role of stablecoins in DeFi

Stablecoins like FDUSD are critical to bridging traditional finance and cryptocurrencies. This provides an attractive store of value for users who value both the security of blockchain technology and the stability of fiat currency. This dual appeal becomes a fundamental element of Sui’s DeFi ecosystem.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

Eightco Holdings Inc. ($ORBS) Expands Investor Access With Options Trading

October 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025
Most Popular

Fezoo’s potential 2000% surge attracts Fetch.AI and Lido DAO investors

April 15, 2024

Finnish authorities track Monero transactions in Vastaamo hack probe

January 29, 2024

TON airdrops $2.2 million to meme coin traders following Toncoin’s new all-time high.

April 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.