FDUSD Launches on Solana
First Digital USD (FDUSD), a stablecoin issued by First Digital Labs, is now live on the Solana blockchain. This launch marks a significant step for the Solana ecosystem, offering a fast, scalable, and cost-efficient tool for digital asset transactions.
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FDUSD Goes Live on Solana
First Digital Labs has officially launched FDUSD on the Solana mainnet, opening up new possibilities for the blockchain’s rapidly growing ecosystem.
The token, with the ticker $FDUSD and the address 9zNQRsGLjNKwCUU5Gq5LR8beUCPzQMVMqKAi3SSZh54u, provides seamless access for businesses and institutional users through First Digital’s fiat gateways.
Since its debut, FDUSD has gained significant traction, with support from leading Solana-based protocols such as Kamino Finance, Raydium, Meteora, and Phantom Wallet, cementing its role as a vital component of Solana’s DeFi landscape.
Why FDUSD Chose Solana
The launch of FDUSD on Solana is designed to promote stablecoin adoption while harnessing the advantages of Solana’s high-speed blockchain. With its low transaction fees and exceptional performance, Solana offers an optimal environment for integrating FDUSD.
According to First Digital Labs, the partnership with Solana aims to:
- Strengthen the Solana ecosystem with reliable stablecoin infrastructure.
- Drive innovation in DeFi and other blockchain applications.
- Provide developers and users with efficient, scalable tools for seamless operations.
Binance Backs FDUSD
Binance, the world’s largest cryptocurrency exchange, has added support for FDUSD on Solana, enhancing its multi-chain stablecoin ecosystem. To encourage adoption, Binance has introduced a promotional period offering zero fees for FDUSD deposits and withdrawals on Solana, running from January 16 to April 16, 2025, making the token even more appealing to users.
Users can generate deposit addresses directly through the Binance platform. For those interested in the technical details, the FDUSD contract on Solana is also publicly available.
New Horizons for DeFi and PayFi
The launch of FDUSD on Solana unlocks fresh opportunities for developers and organizations seeking to integrate reliable stablecoin solutions. The collaboration between First Digital Labs, Solana, and Binance aims to accelerate the growth of payment infrastructure and DeFi, creating value for all ecosystem participants.
Binance’s zero-fee promotion adds further momentum to FDUSD adoption, while Solana’s expanding ecosystem cements the stablecoin as a critical component of the blockchain’s functionality.
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