First Digital Group Aims for Public Listing Through SPAC Merger, Reshaping the Stablecoin Landscape

First Digital Group, the Hong Kong-based firm behind FDUSD, has taken a significant step toward bringing its stablecoin to public markets. The company recently submitted a letter of intent to merge with New York-based special purpose acquisition company CSLM Digital Asset, a move that could significantly impact the stablecoin landscape.