Global #FDUSD

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.

Tether's USDT, long the dominant stablecoin, is facing increased competition from USDC and FDUSD.

In April, stablecoins broke with the general market downturn and went on a seven-month run of gains.

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.