


The stablecoin will be backed 1:1 by either one U.S. dollar or an asset of equivalent value held in regulated financial institutions in Asia.
FDUSD on Ethereum and BNB Chain
Hong Kong-based qualified custodian and registered trust company, First Digital, has announced the launch of a new stablecoin called First Digital USD (FDUSD). The stablecoin, issued by FD121 Limited under the brand name "First Digital Labs," will be backed on a 1:1 basis by either one U.S. dollar or an asset of equivalent fair value, held in regulated financial institutions in Asia.
The introduction of FDUSD offers diversification from existing stablecoins dominating the market. FDUSD is initially available on Ethereum and BNB Chain, with plans to expand its support to other blockchains in the future.
FDUSD, issued by First Digital's subsidiary FD121 Limited, aims to enhance transparency and trust. It offers users a reliable digital currency that reduces volatility in the cryptocurrency market, facilitates efficient financial transactions with lower costs, and enables faster and more secure transactions.
As a registered trust company, First Digital Trust Limited will hold all FDUSD reserves in segregated accounts, separate from other assets. This structure ensures the 1:1 backing of tokens and the ability to redeem stablecoins, providing confidence to FDUSD holders.
"I am delighted to emphasize the significance of this milestone as we introduce FDUSD to the world. The launch of this stablecoin represents a major stride forward in our mission to provide a secure and efficient digital currency that can be seamlessly integrated into everyday transactions”, said Vincent Chok, CEO of First Digital.
Available on Binance Smart Chain, Binance CEO Changpeng Zhao (CZ) echoed the launch of First Digital’s FDUSD in a recent tweet.
In response to user comments regarding a potential Binance listing of FDUSD, CZ said: “We don't talk about "will/will not". Just follow our official announcements.”
First Digital Labs will collaborate with regulatory authorities to ensure compliance with current and future laws and actively participate in shaping regulatory regimes for FDUSD and future stablecoins. Through partnerships with governmental bodies and financial institutions, First Digital aims to set a new standard for stability and trust in the digital currency realm.
What is First Digital:
First Digital Trust Limited is a trusted custodian and licensed trust company based in Hong Kong. Since its establishment in 2019, it has become a leading provider of innovative solutions in the digital financial space. With over three decades of experience, First Digital offers a wide range of services, including asset tokenization, custody, trading, and settlement. Their expertise and personalized approach make them a reliable partner for clients worldwide. First Digital was recognized as one of the emerging giants in Hong Kong in KPMG and HSBC's 'Emerging Giants in Asia Pacific' Report 2022.
Where to find First Digital:
What is Binance:
Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.
Where to find Binance:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Gyrowin: Revolutionizing Gaming and DeFi with Cross-Chain Innovation

Powered by its native token GW, Gyrowin combines the excitement of lottery games with the security and transparency of decentralized finance to offer users exciting rewards.
Gyrowin, a groundbreaking cross-chain decentralized gaming, liquidity, and asset management platform, is making waves in the world of blockchain technology and DeFi. With a mission to provide transparent and fair reward distribution, Gyrowin is set to redefine how players engage with lottery games and DeFi protocols. Let's delve into the key aspects of this innovative project.

Lottery Games for Fun and Profit
Gyrowin recognizes the enduring popularity of lottery games and is capitalizing on it. Offering a range of lottery games integrated with staking, lending, and borrowing protocols, Gyrowin allows players to have fun while winning. The platform operates game liquidity pools on major chains like BNB Chain, Polygon, Tron, and Solana, offering a diverse gaming experience.
The platform’s variety of cross-chain lottery games include the 6/41 Lottery, Gylotto, 5/9 Lottery, 10 minutes Lottery, and Instant scratch NFT Lottery. This cross-chain approach ensures accessibility and inclusivity for players across the crypto landscape.
Tokenomics
At the heart of the Gyrowin ecosystem lies its native token Gyrowin ($GW), designed to serve multiple functions, including governance voting, liquidity currency, and incentives for DeFi users. The token structure is meticulously balanced, with allocations for various purposes, including liquidity, reserve, marketing and more, ensuring a sustainable supply-demand ratio. Notably, Gyrowin implements a burning mechanism and regular buybacks to maintain token value. Learn more about the token distribution and allocation here.

Borrowing and Lending with Ease
Gyrowin offers a cross-chain DeFi platform for borrowing and lending tokens across multiple chains, introducing unified liquidity pools that provide higher APR for lenders. Users can borrow from different chains seamlessly, eliminating the need for collateral bridging. The platform also offers zero liquidation on collateral, enhancing user security.
Decentralization and Transparency
The platform places a strong emphasis on decentralization and transparency. Leveraging Chainlink oracle VRF for automation and accurate token price information, Gyrowin ensures fair lottery draws and automated lotteries. The platform also utilizes blockchain infrastructures like The Graph and layer zero for a seamless cross-chain experience.
Money Plant Staking and Freeze Lock
Gyrowin's staking process is designed to be competitive and rewarding for participants. Using a first-come, first-served approach and limiting staking amounts, Gyrowin offers higher yields in a short period. The platform’s innovative Freeze lock feature ensures that unlocked tokens are only available for use after a cooling period, providing additional security.
Smart Contracts and Audits
Security is a top priority for Gyrowin. The project's smart contracts have undergone thorough audits by leading security providers such as Hacken and Solidproof, ensuring the highest level of safety for users' assets.
Gyrowin is a game-changer in the blockchain and DeFi space, combining the excitement of lottery games with the security and transparency of decentralized finance. With its innovative approach to cross-chain functionality, governance tokens, and staking, Gyrowin is set to reshape the future of gaming and DeFi.
Stay updated with Gyrowin and its development via the official links:
Website | Twitter | Telegram | Docs
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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