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      FDUSD issuer First Digital reaches $250 million Nasdaq listing agreement

      PANews, October 8 – According to Techinasia, Hong Kong-based digital asset company First Digital Group Limited (issuer of the FDUSD stablecoin) has signed a definitive business combination agreement with Nasdaq-listed SPAC CSLM Digital Asset Acquisition Corp III (ticker: KOYN). The pre-transaction equity valuation is $250 million, and upon completion First Digital will become a wholly owned subsidiary of a new Cayman holding company, with existing shareholders exchanging their shares for Class A ordinary shares. The combined company is expected to list on Nasdaq in the first half of 2027.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud