Hong Kong-based First Digital to Merge with CSLM Digital Asset Acquisition in Proposed Deal.

First Digital Group and CSLM Digital Asset Acquisition (KOYN) have entered into a non-binding letter of intent for a proposed merger. The merger would bring together First Digital's stablecoin issuer and KOYN's special purpose acquisition company. The deal is expected to create a new entity that will offer a range of digital assets and services. The terms of the merger have not been disclosed.