Coin Edition -
- First Digital USD (FDUSD) achieved a market capitalization of $1 billion following Binance’s cease support for BUSD.
- BUSD faces challenges, losing dominance and market cap, declining over 92% in 12 months.
- Binance’s decision to cease BUSD support aligns with its earlier announcement in August amid regulatory pressures surrounding the stablecoin.
On Monday, Vincent Chok, Founder and CEO of First Digital, expressed gratitude for the tremendous growth of First Digital USD’s (FDUSD) market capitalization, which now stands at $1 billion. This achievement follows Binance’s announcement of transitioning from BUSD to FDUSD, a new contender in the largest exchange stablecoin arena.