As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD) in a recent blog post. However, the exchange temporarily halted FDUSD listings and disclosed that liquidity providers encountered “technical issues.”
Binance Unveils FDUSD Listing
Currently valued at just over $126 billion, the stablecoin economy has continually contracted month after month in 2023. Amidst this decline, the decentralized lending platform Aave introduced a new stablecoin named GHO. Boasting a market capitalization of $3.25 million on July 19, 2023, GHO has since expanded to $7.68 million.
On July 26, Binance — the largest cryptocurrency exchange by trade volume — informed its users via blog post that it added a brand-new stablecoin called FDUSD. In the announcement, it was sta
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