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FDUSD issuer First Digital Group plans to go public through a SPAC merger.

HashBandit

2025-12-01 15:32:13

Abstract generation in progress

[Block Rhythm] I heard some news that the company issuing FDUSD, First Digital Group, has made some big moves recently.

According to internal sources, this Hong Kong company is planning an IPO, but the method is a bit special—they are preparing to merge with a SPAC to achieve public listing. Specifically, they are about to sign a letter of intent with CSLM Digital Asset Acquisition Corp III, which is listed in New York.

It seems that under the backdrop of a gradually improving regulatory environment, more and more crypto companies are starting to consider entering the capital market. Although it is still only at the letter of intent stage and non-binding, this trend is quite evident. The specific transaction details have not been disclosed yet, and it is estimated that we will have to wait for the official announcement to know.

FDUSD-0.02%

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rekt_but_resilient

· 16h ago

SPAC listing, here we go again, feels a bit sketchy. Is First Digital trying to use a reverse merger to get attention, or do they actually have something? FDUSD stablecoin is okay, but the company's transparency is really just average. Can't bet on it, going public won't change much. Another Hong Kong one, another SPAC, the story is full of drama. Let's wait and see the follow-up, this matter is quite interesting.

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GweiWatcher

· 16h ago

Another SPA trap, these people really know how to play.

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TopEscapeArtist

· 16h ago

It's SPAC again, I've seen this too many times. From a technical perspective, the moment of the SPAC merger is usually a precursor to a head and shoulders pattern, and historical peaks often appear two weeks after the announcement.

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GasFeeTears

· 16h ago

SPAC listing? It's the same old trap again, even stablecoin issuers are starting to find a way out.

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SchrödingersNode

· 16h ago

SPAC is back again, can we not have another mess this time?

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AirdropBlackHole

· 16h ago

SPAC listings are back, and this trap is getting more familiar. Is First Digital trying to find a backdoor solution? It feels like the SPAC route is a bit risky now. Stablecoin issuers are also starting to mess around with going public; the crypto world is increasingly resembling Wall Street. Wait, who is CSLM? I need to check if this SPAC is reliable before proceeding. A company behind FDUSD is going public? This is meant to provide a credit endorsement for the stablecoin.

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