Coinspeaker
First Digital USD (FDUSD) Makes Historic Debut on Solana Network
First Digital USD (FDUSD), a fast-growing multi-chain stablecoin backed by the US dollar in a ratio of 1:1, has finally launched on Solana network, a top-tier layer one blockchain fueling the mainstream adoption of digital assets and Web3 platforms.
Already, top-tier DeFi protocols on the Solana network have integrated FDUSD to allow their users to seamlessly trade. Some of the top DeFi projects that had already listed FDUSD for trading at the time of this writing include Raydium protocol, Kamino Finance, Meteora, and Phantom Wallet.
According to the First Digital Labs team, the launching of FDUSD on the Solana network was mainly based on several facts. On the top list, the Solana network has grown to a vibrant Web3 ecosystem, with more than $9 billion in total value locked and around $6 billion in stablecoins market cap.
The FDUSD stablecoin will help enrich the Solana protocols with reliable dig
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