Binance, the leading cryptocurrency exchange by trading volume, has announced the listing of First Digital USD (FDUSD), a multi-blockchain audited stablecoin pegged to the U.S. dollar.
The Solana-based version of FDUSD is now available for all Binance users. The exchange emphasizes that the integration is complete, allowing users to freely deposit and withdraw FDUSD via the Solana blockchain without incurring any platform fees.
To encourage adoption, Binance is running a zero-fee promotion for FDUSD deposits and withdrawals until April 16, 2025, at 11:59 p.m. UTC.
Regulatory Considerations
Binance has acknowledged regulatory compliance concerns. In accordance with the new Markets in Crypto-Assets (MiCA) regulatory framework, users in the European Economic Area (EEA) are not eligible for this promotion or the use of stablecoins that are not authorized under MiCA.
Expanding Stablecoin Offerings
This FDUSD listing follows Binance’s recent expansion of its stablecoin offerings. On January 10th, the exchange launched spot trading for PHA/USDC, PLN/USDC, STEEM/USDC, and USUAL/USDC pairs.
January 2025, Cryptoniteuae
