The volume of trading pairs with FDUSD stablecoins is growing
The First Digital USD stablecoin, or FDUSD, and its trading pairs on Binance have achieved the highest ever share of spot trading volume on the exchange.
Trading pairs containing FDUSD accounted for 38% of Binance's total spot trading volume on February 12. This is 42.6% more than last month.
"We can expect FDUSD to gain some popularity on Binance, given that BTC/FDUSD can be freely traded, and most FDUSD pairs do not charge a manufacturer's commission," said Rebecca Stevens, senior analyst at The Block.
FD121, a subsidiary of Hong Kong-based custodial and trust company First Digital, launched FDUSD in June 2023. A month later, Binance placed FDUSD on the exchange, offering zero trading commission for it.
