Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Binance, one of the world's leading cryptocurrency exchanges, has announced a momentous decision to reduce trading fees to zero on six highly sought-after FDUSD pairs. Binance has stood the test of time to be a global crypto service provider amidst the ongoing crypto regulation tuffle with the United States.
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at 921 million.
According to a notice released on November 29, Binance urged its users to either withdraw or convert their existing BUSD holdings into alternative assets before the cutoff date of December 15. After December 31, Binance will deactivate the withdrawal option for BUSD, automatically converting existing balances into First Digital USD (FDUSD) for specific users.
The move could be attributed to a variety of factors, including regulatory considerations, technological advancements, or a desire to offer users a more innovative and robust stablecoin option.
In the world of digital tokens pegged to the US dollar, one previously obscure stablecoin has taken the crypto market by storm. Since August 4, 2023, the supply of the first digital USD (FDUSD) has seen remarkable expansion, increasing by a staggering 62% from 260 million to its current standing at 423 million as of October 28, 2023.
In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August.
FDUSD's stablecoin market share spectacularly lifts to 16%, trailing market leader and largest stablecoin by market cap, USDT.
Explore Binance's latest crypto offerings, including new trading pairs and services, as they respond to evolving market demands.
The world's largest crypto exchange Binance on Wednesday announced adding new trading pairs and trading bots services on Binance Spot. The crypto exchange Binance is listing key crypto including Polygon (MATIC), Bitcoin Cash (BCH), Avalanche (AVAX), and Cosmos (ATOM) in pair with FDUSD stablecoin.
In a groundbreaking move that promises to reshape the Turkish cryptocurrency landscape, Binance TR, the Turkish arm of the world's largest cryptocurrency exchange, Binance, has kicked off the day with a thrilling announcement. Two new digital currencies, FDUSD and FRONT, have been added to their platform, presenting Turkish traders with unprecedented opportunities to delve into the ever-expanding digital asset universe.
Binance's dynamic shifts in stablecoins, asset balances, and BSC transaction trends reveal an exchange in flux.
In an astonishing twist of fate, the cryptocurrency world is abuzz with the meteoric rise of the First Digital USD (FDUSD) stablecoin, which has witnessed an extraordinary 51% surge in its supply over the last 30 days. With a market capitalization rapidly approaching the $394 million mark, FDUSD has not only captured the attention of crypto enthusiasts but has also secured its position as the eleventh-largest dollar-based stablecoin, according to the latest data reported by CoinGecko.
In a remarkable surge, the First Digital USD (FDUSD) stablecoin has witnessed a staggering 51% surge in its supply over the past month, propelling its market capitalization to an impressive $394 million. As a result, FDUSD now claims the eleventh position among dollar-based stablecoins, according to data from CoinGecko.
The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain.
First Digital USD (FDUSD) has seen a 51% increase in market capitalization over the last 30 days, reaching close to $394 million.
Binance—the global leader in cryptocurrency trading volume—has expanded its menu of trading pairs. Effective September 7, 2023, at 08:00 UTC, the new pairs will include Dogecoin (DOGE), Solana (SOL), TomoChain (TOMO), Unifi Protocol DAO (UNFI), and, most notably, Ripple's XRP—all with FDUSD, a newly introduced stablecoin.
Binance, the world's largest cryptocurrency exchange by trading volume, announced it will add new trading pairs, including XRP and Dogecoin matched with First Digital USD (FDUSD), starting Sept. 7 at 08:00 UTC.
Binance introduces five new trading pairs, including DOGE/FDUSD and SOL/FDUSD, and offers zero maker fees on FDUSD pairs until further notice, potentially increasing liquidity and trading volumes, with TRY as part of TOMO/TRY and UNFI/TRY pairs.
The stablecoin ecosystem has been buzzing with activity this week, as the once-dominant Binance USD (BUSD) relinquishes its position among the top players. This intriguing shift has been brought about by a reduction in BUSD's supply, dropping below the 3 billion mark.
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset's supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd (TUSD) experienced a surge in supply from 2.9 billion to 3.
As BUSD phases out, FDUSD steps into the spotlight, aiming to assume the stablecoin functions on the Binance network. The official announcement of BUSD's discontinuation was made by Binance on August 31st, with plans to halt BUSD withdrawals by September 7th while still accepting deposits until further notice.
The exchange's recent announcement about discontinuing support for Binance US Dollar (BUSD) goods has prepared the way for creating a new stablecoin, First Digital USD (FDUSD), in a significant move
Binance's BUSD journey nears its end while FDUSD takes flight. Can this new stablecoin soar to rival giants USDT and USDC?
Crypto exchange Binance revealed plans on Thursday to sunset its company-branded BUSD stablecoin while simultaneously paving the path for a successor.
