First Digital's FDUSD stablecoin has been making notable strides in the crypto market. The stablecoin has been listed on
VALR, thus enhancing its uptake in Africa and other regions. Despite a Bitcoin downturn, which saw FDUSD shrink by $390M in a week, the coin managed to surpass USDE Stablecoins, securing 4th place in market rankings. FDUSD boasts a market cap hitting a record high, outdoing USDC in Bitcoin trading volume. In a bid to expand its horizons, FDUSD has arrived on the Hong Kong-based
Sui Network, aligning with the DeFi push. Amid continued market adoption, FDUSD's market cap reached a $1 billion milestone. FDUSD staking recently was introduced on
Binance Launchpool. Additionally,
Binance's increased focus on FDUSD, paired with other factors, has seen TUSD lose its $1 peg. FDUSD's debut on the Sui Network aimed to enhance both accessibility and liquidity. With its market cap skyrocketing to $2.6 billion, FDUSD quickly rose to become the fourth-largest stablecoin. As Binance plans to discontinue BUSD, the platform is encouraging conversion to FDUSD. First Digital continues to expand their $3 billion FDUSD token to the Sui Blockchain. The company's vision brings innovative ideas and a forward outlook about the use of blockchain technology.
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 8
- Rumor -1
