[FDUSD Issuer First Digital Plans to Go Public on Nasdaq via $250 Million Valuation SPAC Merger, Expected Completion in H1 2027] BlockBeats News, October 8: Hong Kong-based digital asset company and FDUSD issuer First Digital has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to establish a new holding company and list it on Nasdaq, with the process anticipated to be completed in the first half of 2027, subject to regulatory approval and other closing conditions. As of June 30, 2026, FDUSD's cumulative transaction volume has exceeded $4.7 trillion. For the fiscal year ending June 30, 2025, the company achieved approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents, which are held in segregated accounts and undergo monthly attestations by independent institutions. The company's Finance District platform has launched four products to date but has not yet generated significant revenue. [Original Link]