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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.

Binance has announced it will stop support for BUSD and has asked users to convert their funds to other stablecoins.

Binance plans to gradually reduce support for BUSD products by February 2024, according to an announcement from the crypto exchange today.

Binance has advised its users to convert their Binance USD (BUSD) holdings to First Digital USD (FDUSD) as it intends to phase out support for BUSD by February 2024, according to an Aug. 31 statement.

The exchange revealed that it will gradually phase out its support for BUSD due to Paxos discontinuing the issuance of new BUSD tokens.

At the moment, the FDUSD works in agreement with the Ethereum and BNB (Buy and Burn) tokens. The First Digital Trust Limited plans on expanding its working operations on other blockchains to enhance adaption by other citizens.

For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects.

The total market cap of stablecoins has been on a continuous decline for 17 months, now standing at $124 billion, its lowest level since August 2021, according to CCData. The data aggregator highlighted a broader impact of the decline in stablecoin's monthly trading volume.

Key Points: Binance has unveiled exciting updates for its Cross Margin and Isolated Margin platforms. The addition of FDUSD, a new borrowable asset, marks a significant expansion of Binance's margin offerings.

An unexpected technical hiccup caused a delay in Binances rollout of First Digital USD (FDUSD) stablecoin trading on July 26, 2023. The new digital currency, developed by the Hong Kong-based First Digital Group, was set to launch on the trading platform, but complications encountered by liquidity providers for FDUSD pairs put a pause on the plans.

Tether CTO, Paolo Ardoino, has raised speculation by tweeting a cryptic message. Amid increased stablecoin launches, Ardoino has questioned the legitimacy of recent market movements without naming a particular coin.

Binance introduces FDUSD trading pairs with major cryptos following a thwarted hack attempt. Diversification and resilience shine even as BUSD's regulatory concerns linger.

The crypto exchange listed the Hong Kong-regulated First Digital's FDUSD stablecoin last week.

In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave's gho (GHO) and First Digital's stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market capitalization soon after their debut.

Binance will list both bitcoin and ether trading pairs for First Digital USD tomorrow — but BTC/FDUSD will temporarily have no trading fees.