Hong Kongbacked by the crypto fire that started in first digital group, USD-indexed stablecoin FDUSDreleased the .
The shift of the crypto industry towards Asia, especially hong Kong comes to the fore because of the developments in the field. Hong Kong takes a positive approach to cryptocurrency trading and crypto projects. June 1as of hong Kongand individual investors cryptocurrency tradinglets it do it.
First Digital Group, behind this trend, Hong Kong’s Trust Regulationslaunched a new stablecoin. FDUSD, a Hong Kong licensed stablecoinaspect BNB chainAnd Ethereumentered the sector in its network.
Hong Kong Licensed Stablecoin Released!
First Digital Group, hong Kongstablecoin regulated by license FDUSD released the . stablecoin issuer, FDUSDfor BNB ChainAnd Ethereumnetwork preferred.
Moreover First Digital Group He stated that he is in talks with all major exchanges for the listing of FDUSD. Apart from this statement, BinanceCEO CZA support tweet came from . CZ, Hong Kong licensed stablecoinof the issuer BNB Chainindexed to the US dollar in launching FDUSDannounced .
First Digital, a Hong Kong licensed trust company, launches a new USD pegged stablecoin (FDUSD), on #BNB Smart Chain.
— CZ 🔶 Binance (@cz_binance) June 1, 2023
First Digital GroupHe stated that FDUSD will be backed by cash and equivalent assets held in financial institutions regulated in Asia. Hong Kongpassed by the editors of First Digital Trustwill play a role in the management of reserves.
Hong KongOne of the regulations requires that assets be held in segregated reserve accounts without mixing. FDUSDThe company behind will continue its services by complying with these regulatory clarifications.
Hong Kong‘s prominence in crypto money, FDUSD It is shown as the driving force behind . Recently, this stablecoin top 5 stablecoinsthought to be in between.
