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FDUSD Trading Pairs Dominate on Binance
The crypto industry is known for having a plethora of options for investors, and this applies to stablecoins as well. While stablecoins have been controversial in the past, they continue to attract a committed user base, and new options are succeeding all the time. Take FDUSD, a stablecoin developed by First Digital Labs. The token has just scored a major coup on Binance, as its trading pairs have comprised a high percentage of spot trading on the exchange.
FDUSD on the Rise
This new development is significant in many ways. Notably, this percentage represents an all-time new high in terms of Binance trading shares. It means, essentially, that FDUSD is so high in demand that it comprised 38% of total spot trading volume on Binance as of February 12, 2024.
This speaks to the popularity of the relatively newer stablecoin on the scene. When most of us think of stablecoins, our minds go to USDT, USDC, or any other token that has been on th
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