We’re partnering with First Digital to accelerate stablecoin adoption

We're pleased to announce our strategic partnership with First Digital, the group behind First Digital USD (FDUSD®).

By
January 27, 2025
2
min read

Were teaming up with First Digital, the group behind First Digital USD (FDUSD®) to accelerate stablecoin adoption globally.

FDUSD is a 1:1 USD-backed stablecoin with deep liquidity and velocity. It is fully backed by cash and cash equivalents, held in fully segregated holding structures, offering users a trusted tool for payments, trading, and DeFi applications. Reserves are safeguarded by a top-tier, qualified custodian with a trust license for seamless asset protection and regulatory compliance, with independent attestation reports published monthly.

This strategic partnership is poised to increase the proliferation of FDUSD® within the crypto ecosystem and beyond, capitalizing on the rising demand for fast, reliable, and cost-effective digital payment solutions.

This collaboration makes BVNK one of the first business payment platforms to integrate FDUSD, one of the most rapidly growing stablecoins globally, unlocking new opportunities for businesses looking to explore stablecoin use cases, and enhancing global payment and trading capabilities for institutional and professional investors.

Within just four months of launching FDUSD, the token achieved a market cap exceeding $1 billion and became the #2 most traded stablecoin on centralized exchanges, with a highest single-day trading volume of over $23 billion.

By integrating FDUSD into BVNK’s multi-token, multi-blockchain platform, businesses will gain access to a scalable solution for payments, trading, and settlements, enabling them to explore new use cases while enhancing speed, reliability, and cost-efficiency in their financial operations.

Vincent Chok, CEO at First Digital commented: “2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-border payment friction and currency volatility. FDUSD was built to provide a fluid, dependable, universal digital dollar tailored for this fast-moving market. Partnering with BVNK ensures businesses around the globe have the tools they need to unlock new efficiencies in a digital-first economy.”

“FDUSD resonates with the needs of businesses globally, where cross-border payments and liquidity management are critical. Together, we’re not just scaling adoption of FDUSD but also empowering businesses to operate seamlessly across diverse financial ecosystems.”
Matt Barclay
Chief Revenue Officer at BVNK

Disclaimer

The tokens referenced in this material are for illustrative purposes only and do not necessarily represent tokens that are currently available or will be made available. Certain tokens may not be accessible to you due to geographic restrictions, regulatory requirements, or limitations on specific BVNK products or services.

This information is provided for informational purposes only and should not be construed as a solicitation, offer, or recommendation to purchase, sell, or engage in any transaction involving the referenced tokens.

Please consult with a qualified professional or refer to the applicable terms and conditions for more details.

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