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Binance lists the first digital US dollar (FDUSD)!

Fri 28 Jul 2023 ▪ 3 min read ▪ by Eddy S.
Getting informed Crypto regulation

Binance, the world’s largest crypto exchange platform, will be listing the very first digital dollar. For this occasion, find out everything there is to know about FDUSD, from its creator to how it works, and all the benefits the CZ-based company has to offer.

Picture of Binance's CEO Changpeng Zhao

The first digital dollar lands on Binance with zero trading fees!

As the tokenization of assets gets underway, Binance is making an announcement that is sure to appeal to followers of the crypto ecosystem. Stablecoin (FDUSD), the world’s first digital dollar, is now available on Binance.

The world’s largest crypto exchange has announced that users can deposit tokens as of now. For the occasion, Changpeng Zhao’s company is pulling out all the stops. How would you like to trade pairs with zero registration fees? Well, that’s what Binance has to offer.

For the launch, all users will benefit from zero manufacturer fees not only for FDUSD, but also for all spot trading pairs such as BNB/FDUSD, FDUSD/USDT and FDUSD/BUSD. But before you take full advantage of the promotion, let’s zoom in on an innovative project that will change global finance.

When innovation and stability become one

The digital world is growing by the day, and the launch of the First Digital USD (FDUSD) is proof of this. An initiative of First Digital Labs, the first digital dollar aims to combine stability and confidence. To achieve this, the team is focusing on key qualities of the digital environment, notably transparency and security.

It is committed to earning the trust of users through compliance and state-of-the-art hardware, with the aim of reshaping the global financial landscape. So, how does it work? To avoid any misunderstanding, the FDUSD guarantee is validated by an independent third party, thus ensuring the integrity of reserves and financial reports.

The launch of the first digital dollar (FDUSD) marks a major development. However, it is still only available on two networks: Ethereum and Binance. While you can already make deposits, withdrawals will only be available from July 27. In the meantime, the promotion continues until further notice.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.