TL;DR FDUSD-FOMO Pay Partnership: First Digital USD (FDUSD) partners with FOMO Pay to enable on-chain stablecoin payments for merchants on Ethereum and Solana blockchains. Merchant Integration: Over 200,000 merchants across Asia will now accept FDUSD, leveraging faster settlement times and reduced fees.

First Digital, the group behind the FDUSD stablecoin, has joined hands with FOMO Pay, a licensed Major Payment Institution in Singapore and Hong Kong, to add the stablecoin to FOMO Pay's payment solutions on Ethereum and Solana. The post FDUSD Integrates with FOMO Pay on Ethereum and Solana, Enables Payments to Merchants appeared first on Cryptonews.

First Digital USD (FDUSD), a multi-blockchain audited stablecoin pegged to the U.S. dollar, enhances its availability on Binance (BNB), the largest crypto exchange by trading volume and user count. Traders are invited to deposit and withdraw FDUSD paying no fees.

FDUSD, a 1:1 USD-backed stablecoin, expands to Solana blockchain, integrating with top DeFi protocols amid growing demand for stable digital assets.

Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.

Binance introduces new APR rewards, offering 16.2% for FDUSD locked products and 7% for EURI flexible products during a limited promotion period.

Binance launches a promotion offering up to 7 days of interest-free loans for users borrowing USDT, FDUSD, or USDC through team formation.

Heavily backed by the Binance exchange, the FDUSD stablecoin was previously available on Ethereum, BSC, and Sui networks.

First Digital Labs has announced the expansion of its FDUSD stablecoin onto the Solana blockchain, aiming to bring faster, lower-cost transactions to users worldwide. The announcement was made during Binance Blockchain Week, underscoring First Digital's strategy to increase the utility of FDUSD across multiple blockchain networks.

Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network.

Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their market impact, and why BNB Chain is the ideal platform for these digital assets.

Binance introduces FDUSD Fixed Rate Locked Products offering a 16.2% APR. The promotion runs from October 23 to November 5, 2024, on a first-come, first-served basis.

Binance launches a promotional offer for FDUSD Locked Products, promising a fixed 15.9% APR during a limited subscription period from October 9 to October 22, 2024.

Binance launches Dubai Escape promotion, offering up to 60,000 FDUSD in token vouchers and a 2,000 FDUSD travel voucher for traders in MENA and South Asia regions.

Binance launches exclusive promotions for new Futures users in the MENASA region, offering 55,000 FDUSD in rewards through various trading competitions and tasks.

Binance introduces a limited-time promotion for FDUSD Locked Products, offering a 15.9% fixed APR for eligible users. The promotion runs from September 25 to October 8, 2024.

Binance announces a promotion offering 50,000 FDUSD in rewards. Complete tasks to collect icon cards and unlock the vault.

Binance has injected more FDUSD into the market, potentially sparking a small Bitcoin (BTC) rally. This is the first inflow of FDUSD on Binance since August 23 and follows a series of token burns that limited the stablecoin supply.

TL;DR Binance has launched fixed-rate loans in USDC and FDUSD stablecoins, offering stability in borrowing costs. Loans for USDC have a fixed rate of 7.8%, and for FDUSD, 11%, with a minimum amount of 50,000 for both. Borrowers must repay the full loan amount before the due date to avoid late fees.

The stablecoin's ability to manage its supply in response to market changes demonstrates its adaptability.

FDUSD started to contract its supply, potentially sending a bearish signal. The stablecoin by First Digital has an outsized influence on Binance markets.

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena's USDE supply has decreased by 130 million, pushing First Digital's FDUSD into the fourth largest spot.

Binance introduces FDUSD Locked Products offering a 15.9% fixed APR during a limited promotion period, enhancing user earning potential.

Binance P2P announces a promotional campaign offering 5,000 FDUSD in rewards for eligible users who have not traded since January 2024.

Binance Launchpool announces Dogs (DOGS) token, allowing users to farm DOGS by staking BNB and FDUSD. Trading to begin on August 26, 2024.

Binance launches a promotion offering 19.9% APR on FDUSD Locked Products, available from August 12 to August 22, 2024, on a first-come, first-served basis.

FDUSD, a prominent player in the stablecoin market, is experiencing a significant decline in total supply.

Binance launches a promotion offering a share of 50,000 FDUSD to selected users who complete deposit and trading tasks during the specified period.

Binance launches a promotion for FDUSD Simple Earn Flexible Products, offering up to 11.5% APR rewards for eligible users during the promotion period.

Binance, the world's largest cryptocurrency exchange, has revealed plans to introduce new FDUSD trading pairs for both cross margin and isolated margin trading. The exchange will list several cryptocurrencies including ALT (Altlayer), ETHFI (Ether.fi), IO (io.net), MEME (Memecoin), PYTH (Pyth Network), TNSR (Tensor), and TAO (Bittensor).

Binance Margin expands trading options by adding new FDUSD pairs on Cross and Isolated Margin, enhancing user experience.

Binance P2P announces a 15,000 FDUSD reward pool for users in the MENASA region, encouraging new and existing users to participate.

FDUSD's dominance has been waning since the end of the promotion, but it still remains quite prominent, on pace to make up 33.55% of spot trading in June.

Binance Margin introduces new FDUSD, USDC, and USDT trading pairs on Cross and Isolated Margin, enhancing user trading experience and portfolio diversification.

Binance launches Eid al-Adha challenge offering 1 BTC and 30,000 FDUSD in rewards.

Binance introduces the Rising Stars Challenge in the MENASA regions, offering users a chance to win 1 ETH and share 11,000 FDUSD in rewards.

Binance unveils IO.NET (IO) on Launchpool, allowing users to stake BNB and FDUSD to farm IO tokens.

Synthetic USDe offers traders a way to hedge against market volatility and manage risk more effectively when trading on margin.

Ethenas' synthetic dollar, USDe, has quickly reached a $3 billion supply just four months after its launch.

Despite having no profiting outlook, stablecoins are part of every single investor, and there is more than one reason behind that. These are easily understandable by their name, Stablecoins, as in a comparatively stable cryptocurrency.

Binance Pool now accepts USDC and FDUSD for cloud mining purchases.

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena's USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital's FDUSD experienced a 29% supply decrease.

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Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April's end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply.

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

As fiat assets flow into the blockchain world, investors seek the best stablecoins, recognizing their role in future finance.

In a recent development, Binance's OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation.