First Digital Group and CSLM Digital Asset Acquisition Corp III Announce Proposed Business Combination to Create Global Stablecoin and Digital Payments Leader

First Digital Group Ltd. and CSLM Digital Asset Acquisition Corp III, Ltd. have entered into a non-binding letter of intent for a proposed business combination, creating a global stablecoin and digital payments leader. First Digital, a provider of institution-ready digital asset infrastructure, operates across multiple jurisdictions with a compliance-first operating model and has established FDUSD, a USD-denominated stablecoin with over $4.4 billion in peak circulation. The combined company is expected to be publicly listed on a US national securities exchange.