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
