Intelligence Feed event · Capital · 2026-10-07

    FDUSD stablecoin issuer First Digital signs $250M SPAC merger with KOYN

    Question

    FDUSD stablecoin issuer First Digital signs $250M SPAC merger with KOYN

    Direct answer

    First Digital Group, the issuer behind the FDUSD stablecoin, entered into a definitive merger agreement with CSLM Digital Asset Acquisition Corp III (KOYN) to achieve a public listing on Nasdaq. The transaction values First Digital at $250 million on a pre-money equity basis. The entity aims to expand financial infrastructure supporting automated agents and digital payment settlement.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-07
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “FDUSD stablecoin issuer First Digital signs $250M SPAC merger with KOYN”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/fdusd-stablecoin-issuer-first-digital-signs-250m-spac-merger-with-koyn-5f09e9

    CAPITAL
    FDUSD stablecoin issuer First Digital signs $250M SPAC merger with KOYN
    First Digital Group, the issuer behind the FDUSD stablecoin, entered into a definitive merger agreement with CSLM Digital Asset Acquisition Corp III (KOYN) to achieve a public listing on Nasdaq. The transaction values First Digital at $250 million on a pre-money equity basis. The entity aims to expand financial infrastructure supporting automated agents and digital payment settlement.
    KOYN
    Impact
    71
    OCT 7
    SIG
    90%
    KOYN
    FDUSD stablecoin issuer First Digital signs $250M SPAC merger with KOYN
    First Digital Group, the issuer behind the FDUSD stablecoin, entered into a definitive merger agreement with CSLM Digital Asset Acquisition Corp III (KOYN) to achieve a public listing on Nasdaq. The transaction values First Digital at $250 million on a pre-money equity basis. The entity aims to expand financial infrastructure supporting automated agents and digital payment settlement.
    → Public listing of stablecoin issuer provides transparent equity valuation and liquidity access for digital asset market infrastructure.
    Impact
    First Digital Group, the issuer behind the FDUSD stablecoin, entered into a definitive merger agreement with CSLM Digital Asset Acquisition Corp III (KOYN) to achieve a public listing on Nasdaq. The transaction values First Digital at $250 million on a pre-money equity basis. The entity aims to expand financial infrastructure supporting automated agents and digital payment settlement.
    Affected
    KOYN
    Transmission
    Public listing of stablecoin issuer provides transparent equity valuation and liquidity access for digital asset market infrastructure.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    KOYNSPAC acquisition target announcement revaluationUp1-5dCSLM Digital Asset Acquisition Corp III agreed to merge with First Digital at $250M valuation.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    KOYNUpdisagreed10.26 2026-10-070.00%PendingPending

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

    No verifiable public source recorded for this card.

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