FDUSD, a stablecoin by First Digital, has seen significant increase in its market cap amid the Bitcoin downturn. It has jumped ahead of USDE, becoming the 4th largest stablecoin, and dethroning USDC in Bitcoin trading volume. The introduction of FDUSD coin to the
Sui Network is speculated to enhance DeFi accessibility and liquidity, and maintain the stability of its volume despite the decline of other stablecoins like USDT. It has also been integrated into
Binance's Launchpool platform, as well as supporting various new tokens, including DOGS, NOTCOIN, Pyth, ETHFI, and MEME. FDUSD's inclusion in these projects demonstrates its growing popularity and broadening adoption. Being audited monthly, FDUSD offers robust security and transparency, which may have contributed to its large market cap of $3B. The expansion of FDUSD to the Sui Blockchain, poised to revolutionize global finance, might add to its credibility and user trust. Further endorsement comes from Binance, with the introduction of BTC/FDUSD and ETH/FDUSD trading pairs with zero fees. Discussions are on about discontinuing BUSD Stablecoin and making FDUSD the preferred choice. In light of this, FDUSD is expecting further growth and breakthroughs in the cryptocurrency market.
FDUSD Coin News Analytics from Wed, 31 May 2023 07:00:00 GMT to Fri, 20 Sep 2024 07:00:00 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -6
