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TL;DR FDUSD Expansion: First Digital Trust's FDUSD stablecoin is now integrated with the Sui blockchain, enhancing the DeFi ecosystem and reinforcing its position as a leading stablecoin. Regulatory Compliance & Growth: FDUSD adheres to Hong Kong's digital asset regulations and is backed by U.S. Treasury bills and bank deposits, maintaining a stable $1 value.
First Digital Trust, headquartered in Hong Kong, has recently announced a significant expansion of its FDUSD token, valued at $3 billion, onto the Sui blockchain. This strategic move follows the token's previous availability on both Ethereum (ETH) and BNB Chain (BNB), marking a pivotal step in extending the token's accessibility and utility within the cryptocurrency
FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion.
Binance celebrates Ramadan with a special event, offering 50,000 FDUSD in trading fee rebate vouchers for users completing set tasks.
Binance announces the upcoming launch of Ether.fi (ETHFI) on its Launchpool platform, allowing users to farm ETHFI tokens by staking BNB and FDUSD. The decentralized staking protocol will be the 49th project featured on Binance Launchpool.
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S.
In a groundbreaking move, Binance, the world's premier cryptocurrency exchange, is set to redefine its futures trading platform by introducing FDUSD as a margin asset and bidding farewell to USDP. This strategic overhaul, slated to commence on March 8, 2024, at 09:00 (UTC), is poised to enhance the flexibility and robustness of Binance Futures for its vast user base.
Binance Futures is set to support FDUSD as a margin asset, replacing USDP in Multi-Assets Mode, enhancing the platform's flexibility for users.
The First Digital USD (FDUSD) stablecoin has overtaken Circle-issued USD Coin (USDC) as the second-most popular pair for Bitcoin during the last five months, thanks to the zero-trading fee program on Binance.
Binance Launchpool has added cross-chain gaming startup Portal for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD over 7 days starting February 22nd.
FDUSD trading pairs have reached a new milestone just weeks before all BUSD balances will be converted to FDUSD.
Binance phasing out support for BUSD and the decreased popularity of TUSD may have compelled traders to switch to FDUSD.
Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively.
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively.
TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum.
FDUSD is now the fourth-largest stablecoin in the industry after adding $1 billion to its market cap.
First Digital USD (FDUSD) has secured its position as the fourth-largest stablecoin by market cap. As of January 22, 2024, its market cap reached a significant $2.6 billion, up from $1.8 billion at the start of the year.
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD's Market Cap Swells from $1.6 Billion to $2.
In a strategic move to broaden its array of trading choices and elevate user experience, Binance introduced four new spot trading pairs on Friday, January 19, 2024. The newly added pairs include Ethereum Classic (ETC), Ethereum Name Service (ENS), Celestia (TIA), and Sui (SUI) as base currencies.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed the U.S.-dollar-pegged token's significant growth of 74.92%.
Binance has expanded its free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin pairing with six digital assets, including BNB, Dogecoin, Chainlink, Ethereum, Solana, and XRP, according to a Dec. 5 statement. Binance users will see zero maker and taker fees for these pairs starting Dec.
Additionally, Binance is removing one-hour interest fees for various pairs, including BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP. Binance Takes Bold Move: Zero Trading Fees on Six FDUSD Pairs In a significant move, Binance, a prominent global cryptocurrency exchange, has decided to eliminate trading fees entirely on six highly sought-after FDUSD pairs.
