First Digital, the issuer of FDUSD, plans to list on the US stock market through a SPAC merger.

According to sources familiar with the matter, First Digital Group (the issuer of FDUSD) is planning a public listing through a merger with a special purpose acquisition company (SPAC). The Hong Kong-based company is reportedly close to announcing the signing of a non-binding letter of intent outlining its merger plans with New York-listed SPAC CSLM Digital Asset Acquisition Corp III. Further details have not yet been released.