Binance will launch a new stablecoin FDUSD and open new spot trading pairs for trading

ChainCatcher news, Binance will list the new stablecoin First Digital USD (FDUSD) on July 26, 2023, at 8:00 (UTC), and open spot trading pairs such as BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT.

It is reported that FDUSD is a 1:1 dollar-backed stablecoin issued by First Digital Labs. The reserves of FDUSD are held by First Digital Trust Limited, a qualified custodian and registered trust company based in Hong Kong.