In accordance to ME Information, on September 9 (UTC+8), First Digital, the issuer of the USD-pegged stablecoin FDUSD, signed a Memorandum of Understanding (MOU) for strategic cooperation with South Korean publicly listed firm ITCEN Group to construct an on-chain monetary infrastructure connecting Korea’s RWA market with international liquidity. Key collaboration initiatives embrace integrating FDUSD with KGLD, ITCEN’s digital asset backed by bodily gold (constructed on the LayerZero OFT commonplace), to present compliant entry for worldwide buyers.
ITCEN plans to tokenize 50 metric tons of gold over the subsequent 5 years, equal to roughly KRW 10 trillion ($7.2 billion). Moreover, the 2 events will discover enterprise settlement use circumstances for FDUSD and advance asset tokenization by way of the AI-powered cost layer Prism and the monetary ecosystem Finance District. First Digital additionally intends to set up a Korean department in This autumn 2026 to take part within the native stablecoin regulatory framework. (Supply: Foresight Information)
