“Binance will provide zero-commission trading on spot and margin pairs BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD and XRP/FDUSD on 12/08/2023 at 03:00 UTC. The offer is valid from 12/08/2023 03:00 (Moscow time) until further notice,” the statement says.
The company added that all users of the platform will be able to take advantage of zero maker and taker commissions on these trading pairs. After the end of the promotion, standard trading commissions will begin to apply on the exchange.
FDUSD currently has a capitalization of $1.07 billion, placing it sixth among all stablecoins, according to CoinGecko.
FDUSD was launched in June by Hong Kong-based trust company First Digital and is listed on the Ethereum and Binance Smart Chain networks. FDUSD’s reserves consist of fiat money and cash equivalents, and the reserves themselves are deposited in various financial institutions in Asia.
Previously, Binance announced that, against the backdrop of a deal with the US authorities, it would delist its own stablecoin BUSD and stop supporting it on December 15. Asset redemptions will be available until February 2024, and BUSD withdrawals will be completely disabled on December 31st.
Source: Bits
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