July 23, 2024
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Binance Lists ETHFI, MEME, PYTH Among 7 New FDUSD Trading Pairs

Binance introduces new FDUSD trading pairs for ALT, ETHFI, IO, MEME, PYTH, TNSR, and TAO, offering zero-fee trading, which has also coincided with price surges in listed tokens. Binance increases broker user fees, impacting prime brokers’ competitive edge and encouraging direct trading on its platform. Binance, the world’s largest cryptocurrency exchange, has revealed plans to

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Latest News News

BUSD Stablecoin Drops From Its Top Five Spot As Binance Drum Support For TUSD And FDUSD

Binance USD (BUSD) stablecoin has dropped from its position among the top five stablecoins.  This past weekend, the circulating supply of BUSD plunged to below 1 billion tokens, a level not seen since December 2020.  This marks a significant downturn for the stablecoin, which had previously reached a peak supply of 23.45 billion. The decline

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Latest News

Binance Launches FDUSD as BUSD Fades Gradually: How Does the New Stablecoin Fare?

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 that signified changes inside the Binance ecosystem. As BUSD prepares to quit the scene, FDUSD leaps into the spotlight, hoping to take over the Binance

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Blockchain News

17-Month Losing Streak Brings Stablecoin Market Cap Down to $124 Billion

The stablecoin sector is experiencing a decline in total market capitalization, which has been ongoing for 17 consecutive months. As of August, it has fallen to $124 billion, a low not seen since August 2021. According to the latest Stablecoins & CBDCs report by CCData, both BUSD, and TUSD have experienced significant declines, 9.35% and

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Latest News

Introducing FDUSD: Hong Kong’s Revolutionary Stablecoin Regulated in Asia

First Digital, a Hong Kong-based qualified custodian and trust company, is shaking up the digital currency landscape by launching its groundbreaking stablecoin, “First Digital USD” (FDUSD). This innovative digital asset aims to combine the stability of the U.S. dollar with the regulatory oversight of Asia, positioning itself as a game-changer in the world of cryptocurrencies.

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