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FDUSD Coin - News Analyzed: 427 - Last Week: 82 - Last Month: 339

⇑ FDUSD Coin Emerges as a Strong Player in the Stablecoin Market, Showing Rapid Growth and Market Adoption.

FDUSD Coin Emerges as a Strong Player in the Stablecoin Market, Showing Rapid Growth and Market Adoption.
VALR has listed First Digital’s FDUSD Stablecoin, marking a significant development in the adoption of stablecoins in Africa. The FDUSD has outperformed several stablecoin competitors, claiming a spot above USDE. Its market cap has witnessed a record surge, making it the fourth-largest stablecoin, with strong market adoption primarily driving it. First Digital has further expanded FDUSD to Sui Blockchain, signifying a significant push for DeFi.

Despite a brief depegging incident, FDUSD and USDE remain robust in the face of the volatile crypto market. FDUSD managed to maintain its growth, reaching a $1 Billion market cap milestone, even as TUSD lost its $1 peg amid Binance's growing focus on FDUSD.

Binance has been instrumental in FDUSD's growth, introducing numerous FDUSD trading pairs and phasing out the BUSD stablecoin in its favor. The increased market share of FDUSD has sparked speculation, especially as it flipped USDC and DAI on various CEXs.

First Digital’s push for its stablecoin becomes even more evident as it unveils its USD Stablecoin amidst stringent Hong Kong Crypto rules. Its launch on Binance saw monthly audits and zero-fee trading pairs for BTC/FDUSD and ETH/FDUSD.

Additionally, Binance has introduced numerous opportunities for staking BNB or FDUSD on its Launchpool platform, further solidifying FDUSD's place in the market. Binance's backing has many wondering if FDUSD will replicate TUSD's success.

FDUSD Coin News Analytics from Wed, 31 May 2023 07:00:00 GMT to Thu, 19 Sep 2024 10:12:20 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor 4

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  • ⇑ Cryptocurrency Spotlight: FDUSD Stablecoin's Rapid Ascendance

    ⇑ Cryptocurrency Spotlight: FDUSD Stablecoin's Rapid Ascendance

    FDUSD , the stablecoin launched by First Digital, has seen significant growth and adoption in the past few days. Offering enhanced stability...
  • ↗ FDUSD Coin: Market Stabilization, Market Cap Skyrocket, and Expansion to DeFi

    ↗ FDUSD Coin: Market Stabilization, Market Cap Skyrocket, and Expansion to DeFi

    The Catizen (CATI) and hamster Kombat ($HMSTR) coins can be earnt by staking BNB or FDUSD on Binance Launchpool. Binance has also created...
  • ⇑ 'Binance Betting Big on FDUSD Coin as Global Adoption Surges'

    ⇑ 'Binance Betting Big on FDUSD Coin as Global Adoption Surges'

    In the cryptocurrency community, FDUSD has been a recurring topic mainly due to its vast market adoption and high trading volumes . FDUSD has...
  • ⇑ FDUSD Stablecoin: Innovative Leap in Crypto Market

    ⇑ FDUSD Stablecoin: Innovative Leap in Crypto Market

    FDUSD, First Digital's stablecoin, has been making significant strides in the cryptocurrency market. In the middle of the bitcoin downturn, the...