The Hong Kong-based company First Digital Trust, which issues stablecoins, has announced the expansion of its FDUSD token onto the Solana blockchain.
FDUSD, the fourth largest stablecoin by market capitalization, was previously available on Ethereum and BNB Chain (formerly Binance Smart Chain). In a new announcement on October 30, the team stated that Solana was chosen for its high throughput, emphasizing that it is the "ideal solution for instant payments and settlements."
The team also noted that the integration of FDUSD with Solana is part of a strategy to create a "multifunctional and sustainable stablecoin ecosystem." The exact timing of the token launch on Solana has not yet been disclosed.