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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.
