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Binance Launches New Stablecoin Trading Pairs

Twitter icon  •  Published il y a 8 mois  •  Nikolas Sargeant

Major cryptocurrency platform Binance has announced two trading pairs for the stablecoin FDUSD.

Major cryptocurrency platform Binance has announced two trading pairs for the stablecoin FDUSD. The announcement came on Thursday, August 3rd, and the two stablecoin trading pairs are:

  • BTC/FDUSD 

  • ETH/FDUSD

FDUSD offers users a dependable digital currency supported by fiat currency, aiming to diminish the turbulence observed in the cryptocurrency market. This enhances its attractiveness to investors and merchants who are cautious about the erratic nature of conventional cryptocurrency value shifts.

The steadiness of this fiat-backed stablecoin is upheld by upholding a strict 1:1 link with the corresponding fiat currency. This meticulous upkeep ensures that the value of held reserve assets consistently equals or surpasses the overall amount of stablecoins in circulation.

During the promotion period, Binance will suspend all maker fees on FDUSD spot and margin trading pairs. The promotion period is, in fact, an end date that was not specified in the announcement. 

Binance is the world’s largest cryptocurrency exchange, according to our Binance review. Additionally, Binance recently passed the important milestone of having 150 million registered users. 

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.