FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong’s digital asset regulations, benefitting from crypto exchange giant Binance’s trading promotion.
TUSD Loses $1 Peg Amid Binance’s FDUSD Focus: Analyst
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Binance Boosts First Digital’s Stablecoin With Zero Fees to Buy and Sell Bitcoin, Ether
The crypto exchange listed the Hong Kong-regulated First Digital’s FDUSD stablecoin last week.
First Digital Trust announces $2.15M funding for Asian digital payments service
The funding will be used to develop debit and credit card payment rails in Asia.
BnkToTheFuture Steps Away From Banks Citing Mounting Risk to Clients’ Assets
The online investment platform is moving clients’ crypto and fiat assets to a Hong Kong-based trust company.
Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions.
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
The new settlement layer is intended save Asian institutional traders from taking the “scenic route” via U.S. banking regulations.