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Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April's end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply.

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

As fiat assets flow into the blockchain world, investors seek the best stablecoins, recognizing their role in future finance.

In a recent development, Binance's OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation.

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena's USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar's value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin.

The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.

First Digital Trust, a stablecoin issuer based in Hong Kong, announced its plans to expand the US dollar-pegged FDUSD stablecoin to the Sui (SUI) blockchain.

The integration on Sui follows the expansion of the fourth-largest stablecoin on Ethereum and BNB.

First Digital Trust's stablecoin, FDUSD, is expanding to the Sui network after previous expansions to Ethereum and BNB Chain.

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.