First Digital Signs $250M Merger Agreement to List on Nasdaq

Key Facts

1First Digital, the issuer of the FDUSD stablecoin, signed a definitive business combination agreement with CSLM Digital Asset Acquisition Corp III.

2First Digital is valued at $250 million on a pre-money equity basis under the terms of the deal.

3The post-combined company is expected to be listed on the Nasdaq stock exchange upon closing.

First Digital, the issuer of the FDUSD stablecoin, signed a definitive business combination agreement with CSLM Digital Asset Acquisition Corp III. GlobalNewswire reported that First Digital is valued at $250 million on a pre-money equity basis under the terms of the deal. The post-combined company is expected to be listed on the Nasdaq stock exchange upon closing.

KOYN closed at $10.26 on October 5, 2026, ahead of the announcement aimed at leveraging First Digital's position as a major stablecoin issuer. According to GlobalNewswire, FDUSD recorded more than $4 trillion in cumulative trading volume as of June 30, 2026, reaching a single-day trading-volume high of approximately $25 billion.