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news-imageSeptember 3, 2024

First Digital USD (FDUSD) retired $390M in a week

FDUSD started to contract its supply, potentially sending a bearish signal. The stablecoin by First Digital has an outsized influence on Binance markets.
Publisher: Cryptopolitan
Sentiment: Negative
FDUSD

More News Articles

Neutral
cover-imageBitcoin
September 3, 2024

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena's USDE supply has decreased by 130 million, pushing First Digital's FDUSD into the fourth largest spot.

Neutral
cover-imageBitcoin
May 26, 2024

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena's USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital's FDUSD experienced a 29% supply decrease.

Negative
cover-imageBitcoin
April 14, 2024

USDE and FDUSD Experience Brief Depegs Amid Saturday's Crypto Market Shake-Up

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.

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