FDUSD, First Digital's stablecoin, has been making significant strides in the cryptocurrency market. In the middle of the bitcoin downturn, the
FDUSD stablecoin market cap hit a record high and replaced USDC in Bitcoin trading volume, stepping into the 5th place among stablecoins. The
FDUSD market cap soared to a record level due to its vigorous adoption by the market, with First Digital announcing the expansion of FDUSD stablecoin to Sui Blockchain in an aggressive DeFi push. The newfound adoption sees
FDUSD's volume staying strong as it hit a record high, dwarfing USDT. It's worth noting that Binance's Launchpool platform has started to list DOGS token, accepting BNB and FDUSD for staking. Initially, FDUSD was integrated with Sui Blockchain, marking
another milestone in the stablecoin market. First Digital’s FDUSD stablecoin ascended beyond the $1 Billion Market Cap milestone with rapid progression to a fourth-place position as one of the largest stablecoins. Further, the FDUSD supply shrank by 29% as a result of stablecoin supply shifts. FDUSD also saw high trading volume in its pairings within Binance, which lost its bid to escape a class action lawsuit. Notably,
Binance has listed FDUSD amongst other trading pairs, signaling a dwindling support for BUSD stablecoin with balances set to be converted to FDUSD. Binance’s connection with the FDUSD Stablecoin projects added prominence to its favored stablecoin. It’s crucial to point out that FDUSD’s market cap continues to rocket upwards, carving more markets for itself and surpassing established coins like USDC and DAI.
FDUSD Coin News Analytics from Fri, 22 Apr 2022 07:00:00 GMT to Tue, 03 Sep 2024 11:30:51 GMT -
Rating 8
- Innovation 10
- Information 8
- Rumor 3
