Stablecoins continue to be one of the preferred routes of entry into the digital asset ecosystem as the past week has seen the launch of a U.S.-dollar-backed stablecoin in the Hong Kong market and the launch of an on-chain bond backed by the EUROe, the only EU-regulated stablecoin. According to a press release from First Digital, a qualified custodian and registered trust company based out of Hong Kong, the firm has launched First Digital USD (FDUSD), a stablecoin “backed on a 1:1 basis by one U.S. dollar or asset of equivalent fair value, held in accounts of regulated financial institutions in Asia.” FDUSD is a ... (full story)