Bloomberg: Stablecoin company First Digital plans to go public in the U.S. through a SPAC merger

According to Bloomberg, as cryptocurrency firms seek to go public in a more favorable regulatory environment, First Digital Group (FDUSD issuer) is planning to go public through a merger with a special purpose acquisition company (SPAC).

According to anonymous sources, the Hong Kong-based company is set to announce the signing of a non-binding letter of intent outlining the merger plan with the SPAC company CSLM Digital Asset Acquisition Corp III, which is listed in New York. Relevant details have not yet been disclosed.