According to Foresight News, First Digital, a digital asset custody institution under Hong Kong financial services company Legacy Trust, has announced its plans to expand its FDUSD token to Sui. The current market value of FDUSD is approximately $3 billion.
The FDUSD token is issued in accordance with Hong Kong's digital asset rules. It is backed by US Treasury bonds and bank deposits to maintain its price anchored at $1. The expansion of the FDUSD token to Sui is a significant move for First Digital and the broader digital asset market.