Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of a new stablecoin, First Digital USD ($FDUSD). The listing is scheduled for July 26 at 8am UTC, with new spot trading pairs BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT becoming available.
Zero Maker Fee Promotion
In conjunction with the listing of $FDUSD, Binance is introducing a zero maker fee promotion for $FDUSD trading pairs. During the promotion period, all users will be eligible to have zero maker fees on all $FDUSD spot trading pairs, as well as any new $FDUSD spot and margin trading pairs. Additionally, Binance will add $FDUSD to the zero trading fee promotion for USD stablecoin pairs.
About First Digital USD ($FDUSD)
$FDUSD is issued by FD121 Limited, a subsidiary of Hong Kong-based digital asset custodian and licensed trust company First Digital. It is backed by cash and cash equivalents held in accounts of regulated financial institutions in Asia on a 1:1 basis. Available on Ethereum and BNB Chain, $FDUSD is a programmable stablecoin, capable of enabling the execution of financial contracts, escrow services, and insurance without intermediaries.
Conclusion
The introduction of $FDUSD and the zero maker fee promotion by Binance represents a significant development in the crypto space. It not only provides traders with more options but also enhances the utility of stablecoins in the execution of financial contracts, escrow services, and insurance.
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