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First Digital to List on Nasdaq via SPAC Merger at $250M Valuation

First Digital Group, issuer of the FDUSD stablecoin, has agreed to go public on Nasdaq through a merger with SPAC CSLM Digital Asset Acquisition Corp III at a

October 19, 2026Source: thefintechtimes.com ↗

First Digital Group, the Hong Kong-based issuer of the FDUSD stablecoin, has signed a definitive business combination agreement with CSLM Digital Asset Acquisition Corp III (Nasdaq: KOYN), a special purpose acquisition company, to list on Nasdaq.

The deal values First Digital at $250 million on a pre-money equity basis. It is expected to result in a Nasdaq-listed holding company, incorporated in the Cayman Islands, in the first half of 2027, subject to shareholder votes, SEC registration and regulatory clearances.

First Digital reported approximately $87 million in revenue for the fiscal year ended 30 June 2025. Its FDUSD stablecoin, launched in 2023, saw early adoption driven by its integration on Binance.

Source: The Fintech Times

Bitcoin Slides to $79,730 as Inflation Data Sparks $939 Million in Crypto Liquidations

Bitcoin hit an intraday low of $79,730 before recovering to around $82,000 as stronger-than-expected US wholesale inflation data fueled a selloff that

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Kraken Parent Payward to Become First Crypto Firm to Buy an EU Bank

Payward, the parent of crypto exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank, securing an EU banking license and becoming the first crypto

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Standard Chartered Launches Direct Bitcoin and Ether Trading for Affluent UAE Clients