FDUSD Drives Merchant Adoption with FOMO Pay Integration, Enabling On-Chain Stablecoin Payments via Ethereum and Solana

Customers can pay merchants in FDUSD on Ethereum and Solana, while merchants are paid in fiat currencies

First Digital, the issuer of FDUSD®, the world's third-largest fiat-backed stablecoin, has partnered with FOMO Pay, a licensed Major Payment Institution in Singapore and Hong Kong, to bring FDUSD payments to a global network of merchants, businesses and financial institutions.

Through this integration, businesses leveraging FOMO Pay's payment infrastructure can immediately accept FDUSD for transactions on Ethereum and Solana, with seamless FDUSD to local currency conversion.

What Does This Mean For Businesses:

• Accept payments in FDUSD across Solana and Ethereum networks
• Easy conversion between FDUSD and local currency
• Faster settlement duration
• Lower transaction costs compared to traditional payment methods

Driving Stablecoin Innovation in Global Commerce

With over $2 billion in circulation, FDUSD is designed as a trusted, secured and efficient solution for digital payments. This integration accelerates the adoption of blockchain-powered financial solutions, opening new opportunities for APAC businesses and merchants to faster, more efficient payment solutions and reinforces FDUSD as a leading stablecoin in the digital finance industry.

“We are thrilled to collaborate with FOMO Pay to bridge the gap between digital assets and everyday transactions,” said Vincent Chok, Founder and CEO of First Digital. “Signalling growing merchant adoption, the increased proliferation of stablecoins such as FDUSD through this integration empowers users by facilitating global transactions and providing customers with easy, fast, and secure payment options, regardless of their access to traditional banking services or credit cards.”

FDUSD on FOMO Pay is now live. Businesses, merchants and institutions can start accepting payments in FDUSD today.

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About FDUSD

Launched in June 2023, FDUSD is a fully 1:1 USD-backed stablecoin designed to provide a secure, transparent, and scalable global digital dollar solution. It is fully backed by cash and cash equivalents, held in fully segregated holding structures, offering users a trusted tool for payments, trading, and DeFi applications. Reserves are safeguarded by a top-tier, qualified custodian with a trust license for seamless asset protection and regulatory compliance, with independent attestation reports published monthly. With support for Ethereum, BNB Chain, Sui, and now Solana, FDUSD is shaping the future of global digital finance.

For more information, please contact: marketing@1stdigital.com. 

About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution licensed in Singapore and Hong Kong. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

• FOMO Payment– One-stop digital payment solution for merchants, corporates and financialinstitutions

• FOMO iBank –Facilitate businesses’ everyday requirements for transactional banking needs

• FOMO Treasury– One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.