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> 
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   <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>
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<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

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