First Digital Labs has launched FDUSD on Arbitrum, the largest Layer-2 network in Ethereum, which marks the latest expansion of the Stablecoin and further reinforce the presence of the cross-chain.
The launch is designed to offer users access to cheap, high-speed transactions while he positions First Digital USD (FDUSD) as a core stablecoin for decentralized finances, over five block chains and multiple regional markets.
Already deployed on Ethereum, BNB chain, Sui and Solana, the expansion of FDUSD to Arbitrum is a strategic step to tackle Ethereum’s congestion and transit challenges. This comes at a time of rising institutional demand for stablecoins that are safe, in accordance with and integrated in several block chains.
“Stablecoins will play an always central role in the coming five years in stimulating the liquidity of the global capital market,” said Vincent Chok, CEO of First Digital. “The indigenous integration of FDUSD with arbitrum eliminates bridging complexities, increases the efficiency of trade and strengthens our leadership in the Defi -Ecosystem.”
Ryan de Souza, APAC partnerships lead at Offchain Labs, which supports Arbitrum, added that the indigenous implementation of the FDUSD “not only improves scalability and reduces the costs, but also digital financing more accessible, safe, secure and secured and secured and also sets up and also sets up and also sets up and also adjusted and also sets up and also sets up”
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Native Integration offers security, scale and seamless access
In contrast to bridged tokens that often introduce vulnerabilities of security, the indigenous implementation of FDUSD on Arbitrum offers a safer and more seamless experience. It also makes greater liquidity possible within the Defi-Ecosystem of Arbitrum and supports everyday applications such as transferments and cross-border payments via near-instructive settlements.
From Friday, users will have access to FDUSD -LIKIZITY via Camelot, one of the leading Defi platforms from Arbitrum. Institutional customers can also go directly to the Mint chain by opening an account with first digital, access to the liquidity of digital dollars over use cases such as trade, loans and settlement.
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