First Digital Group and CSLM Digital Asset Acquisition Corp III, Ltd. Announce Merger Agreement for Global Stablecoin and Digital Payment Leader

First Digital Group and CSLM Digital Asset Acquisition Corp III Ltd. have entered into a non-binding LOI for a potential business combination. The combined entity will be listed on a domestic US stock exchange upon completion. First Digital is a global digital asset infrastructure leader, with a focus on compliance and providing scalable financial technology solutions. Its flagship product, FDUSD, is a dollar-backed stablecoin with over $10 billion in market capitalization after four months of launch. The company is expected to report $80-90 million in revenue in 2025, with a growing product ecosystem and a planned launch of Finance District, a decentralized finance (DeFi) ecosystem.