FDUSD, the
stablecoin launched by First Digital, has seen significant growth and adoption in the past few days. Offering
enhanced stability and
liquidity, FDUSD has made its way to platforms like
VALR and
Binance, increasing stablecoin adoption in
Africa and beyond. Binance has minted more of FDUSD, hoping to boost Bitcoin price. However, amidst Bitcoin's downturn, FDUSD shrunk by $390M in a week. As an enticing strategy, one can earn Catizen, Hamster Kombat, Dogs tokens by staking BNB or FDUSD at the Binance Launchpool. Despite the shrinking supply, FDUSD's market cap hit a record high, surpassing USDC in Bitcoin trading volume. The stablecoin has also reached the Sui Network for their DeFi initiatives. Unique trading pairs involving FDUSD on Binance have achieved record-spot trading volume, indicating increasing use case and acceptance of the stablecoin. FDUSD has shown a significant surge in the stablecoin market, flipping major players like Ethena's USDE Stablecoin. A class action suit against Binance seems to have no impact on the FDUSD. Matter of fact, Binance trading volume soared with FDUSD – leading with stablecoin pairs, pushing it’s accessibility and liquidity further. Most notably, Binance is preparing to discontinue BUSD Stablecoin as FDUSD emerges as a strong contender in the stablecoin market with no apparent issues. Anticipating future developments, Binance announces a phased transition from BUSD to FDUSD. FDUSD's market cap skyrocketed by $1 Billion in 2024, clinching the Top 4 Stablecoin Spot. FDUSD has carved more significant CEX Market Share, flipping dominant players like USDC And DAI. Binance has now started BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees.
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 7
- Information 6
- Rumor 6
