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Binance to Include XRP and Dogecoin for New USD Stablecoin

Release: 2023/09/07 03:06 Reading: 838

Original author：CryptosHeadlines.com

Original source：https://coinmarketcap.com/community/articles/64f8cacc3fced62c25464740

The biggest crypto exchange, Binance, is now supporting XRP and Dogecoin with a stablecoin called FDUSD.

Binance, the world’s biggest crypto exchange, has introduced trading support for several popular cryptocurrencies using the First Digital USD (FDUSD) stablecoin.
FDUSD was launched by a Hong Kong-based company called First Digital in June 2023, coinciding with Hong Kong’s efforts to establish itself as a prominent crypto hub in the region through new crypto regulations.
Alongside its connection to Hong Kong, FDUSD, a stablecoin tied to the US dollar, is available for trading on Binance without any fees.
This stablecoin aims to provide confidence by being backed by a strong reserve of cash and cash equivalents, which is closely monitored by the Hong Kong Monetary Authority (HKMA). This ensures that it meets the necessary licensing and regulatory standards. Read More...
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