@FDLabsHQ has announced plans to launch the FDUSD stablecoin on Solana, leveraging blockchain’s fast and low-cost infrastructure.
The move makes FDUSD the latest addition to Solana’s growing ecosystem, which already includes popular stablecoins such as Circle’s USDC, Tether’s USDT, PayPal’s PYUSD, and global currencies such as GMO Trust’s GYEN. It turns out.
According to @RWA_xyz, as of October 28, 2024, over $2.6 billion of FDUSD has already been issued on various blockchain networks, and this expansion to Solana is in line with demand for diverse stablecoin options. It highlights the rise. First Digital’s decision to bring FDUSD to Solana also highlights the appeal of blockchain as a base layer for digital payments and DeFi applications.
The addition of FDUSD gives Solana developers a new building block for PayFi and other financial services. More stablecoin options mean more flexibility for projects and potentially better financial products for end users. Stablecoins play an important role in decentralized finance by providing a stable store of value within a volatile ecosystem, and their availability on Solana positions them as a viable platform for financial innovation. will be strengthened.
From Binance Blockchain Week: @FDLabsHQ announced the launch of the FDUSD stablecoin on Solana.
FDUSD leverages Solana’s high throughput and low costs and joins the growing Solana payments and DeFi ecosystem. 🧵 pic.twitter.com/2ywSpHRlHw
— Solana (@solana) October 30, 2024
First Digital plans to launch FDUSD on Solana in December 2024, marking another milestone in Solana’s role in the broader DeFi and PayFi environment. As more stablecoins become available on Solana, users can expect to have a wider choice of reliable, fast, and affordable payment solutions, and to further foster innovation within the network. . This integration represents a step forward in Solana’s ambition to become a hub for decentralized finance and digital payments, benefiting both developers and end users.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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