BUSD

First Digital USD

Coin

<ul class="news-points"> 
 <li><strong>First Digital USD (FDUSD) achieved a market capitalization of $1 billion following Binance’s cease support for BUSD.</strong></li> 
 <li><strong>BUSD faces challenges, losing dominance and market cap, declining over 92% in 12 months.</strong></li> 
 <li><strong>Binance’s decision to cease BUSD support aligns with its earlier announcement in August amid regulatory pressures surrounding the stablecoin.</strong></li> 
</ul> 
<p>On Monday, Vincent Chok, Founder and CEO of First Digital, expressed gratitude for the tremendous growth of First Digital USD’s (FDUSD) market capitalization, which now stands at $1 billion. This achievement follows Binance’s announcement of transitioning from BUSD to FDUSD, a new contender in the largest exchange stablecoin arena.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> This remarkable growth is a result of our team's relentless dedication &amp; ruthless diligence, plus the trust our clients have in our vision for a stable and efficient digital currency.<a href="https://twitter.com/hashtag/Leadership?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Leadership</a> <a href="https://twitter.com/hashtag/GrowthStory?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#GrowthStory</a></p>— Vincent Chok (@vchok) <a href="https://twitter.com/vchok/status/1731968443145183603?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 5, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In an official press release on December 15, 2023, Binance <a href="https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445b" target="_blank" rel="nofollow">announced</a> its decision to cease support for BUSD. The exchange <a href="https://coinedition.com/binance-brings-back-zero-fee-for-six-fdusd-pairs-including-xrp-sol/">actively promoted</a> FDUSD as a viable alternative, encouraging users to trade or convert BUSD balances into FDUSD fre…</p>
<p>The post <a href="https://coinedition.com/fdusd-hits-1b-market-cap-as-binance-ceases-support-for-busd/">FDUSD Hits $1B Market Cap as Binance Ceases Support for BUSD</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

FDUSD Hits $1B Market Cap as Binance Ceases Support for BUSD

Coin Edition

Other articles published on Dec 6, 2023

Bitcoin Price Above $43K; Will BTC Hit $48K by End of Jan 2024?

WEMIX Coin Price Gained 352%: How High Will The WEMIX Price Go In 2024?

Ethereum’s Decentralization Questioned as Block Builders Censor Transactions Tied to US Sanctions

Kinerjanya Lesu, Analis Ini Justru Lihat Peluang Harga XRP Sentuh US$10.000, Kapan?

Crypto crusader McHenry’s exit: Industry reacts

New BNB Chain TVL Incentive Program Offers Up to $160K for Web3 Projects Building on opBNB (6 Dec)

Join our free newsletter for daily crypto updates!