U.Today - Binance, the world’s largest cryptocurrency exchange by trading volume, it will add new trading pairs, including XRP and Dogecoin matched with First Digital USD (FDUSD), starting Sept. 7 at 08:00 UTC.
This announcement comes alongside the addition of other trading pairs like TOMO/TRY, and UNFI/TRY.
Diverse use cases
Introduced in June 2023, FDUSD is a reserve-backed stablecoin issued by FD121 Limited, a subsidiary of Hong Kong-based financial firm First Digital Limited.The stablecoin operates on both and Chain networks.
First Digital USD is designed to maintain a stable value, backed by an equivalent amount of cash or cash equivalents, held in reserves by its custodian, First Digital Trust Limited.
offers various use-cases including efficient cross-border remittances, payment solutions, and utility in decentralized finance (DeFi) applications.