BVNK, a stablecoin payment infrastructure provider, is joining forces with First Digital, the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.
FDUSD, a 1:1 USD-backed stablecoin with deep liquidity and velocity, 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 qualified custodian with a trust licence for seamless asset protection and regulatory compliance, with independent attestation reports published monthly.
Through the new partnership, BVNK and First Digital aim to capitalise on the rising demand for fast, reliable, and cost-effective digital payment solutions and drive FDUSD adoption.
“2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-border payment friction and currency volatility,” explained Vincent Chok, CEO at First Digital. “FDUSD was built to provide a fluid, dependable, universal digital dollar tailored for this fast-moving market. Partnering with BVNK ensures businesses around the globe have the tools they need to unlock new efficiencies in a digital-first economy.”
Within just four months of launching FDUSD, the token achieved a market cap exceeding $1billion, becoming the second most traded stablecoin on centralised exchanges, with the highest single-day trading volume exceeding $23billion.
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The collaboration makes BVNK one of the first business payment platforms to integrate FDUSD, one of the most rapidly growing stablecoins globally, unlocking new opportunities for businesses looking to explore stablecoin use cases, and enhancing global payment and trading capabilities for institutional and professional investors.
Matt Barclay, chief revenue officer at BVNK, also said: “FDUSD resonates deeply with the needs of businesses globally, where cross-border payments and liquidity management are critical. Together, we’re not just scaling adoption of FDUSD but also empowering businesses to operate seamlessly across diverse financial ecosystems.”
By integrating FDUSD into BVNK’s multi-token, multi-blockchain platform, businesses will gain access to a scalable solution for payments, trading, and settlements, enabling them to explore new use cases while enhancing speed, reliability, and cost-efficiency in their financial operations.
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