Binance Lists First Digital’s New Stablecoin FDUSD

FDUSD Listing| Zero Fee Promotions

Binance has announced the listing of Hong Kong-based First Digital’s new stablecoin First Digital USD (FDUSD) for trading. The listing went live today, July 26 at 8 AM UTC, opening up new spot trading pairs: BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT.

While users are able to deposit FDUSD immediately, withdrawals will become available on July 27 at 8 AM UTC. 

Zero Trading Fee Promotions

To mark this milestone and celebrate the launch of FDUSD, Binance announced two enticing zero trading fee promotions. First, a zero maker fee promotion for all FDUSD trading pairs, including spot and margin trading pairs. This special offer is available to all users from July 26, with no set end date.

Furthermore, Binance extended the zero trading fee promotion to include FDUSD trading pairs against other stablecoins like BUSD and USDT. During this promotion, users will enjoy zero maker and taker fees when trading FDUSD against BUSD and USDT spot and margin pairs.

Backed by the equivalent value of US dollars held in regulated financial institutions in Asia, the launch of FDUSD was previously announced by Hong Kong-based qualified custodian and registered trust company, First Digital, in early June. The move was lauded by Binance's CEO, CZ, who previously maintained secrecy about the announcement of a potential listing. When queried by users about a potential FDUSD listing on Binance, CZ cryptically replied, "We don't talk about 'will/will not.' Just follow our official announcements."

With Binance embracing the FDUSD stablecoin, the cryptocurrency community eagerly awaits further developments and the potential impact this partnership could have on the digital asset landscape.

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