First Digital Launches FDUSD: A Stablecoin Pegged to the US Dollar on BNB Smart Chain

The post First Digital Launches FDUSD: A Stablecoin Pegged to the US Dollar on BNB Smart Chain appeared first on Coinpedia Fintech News

Binance CEO CZ tweeted that Hong Kong-based licensed trust company, First Digital, has introduced FDUSD, a stablecoin pegged to the US dollar. FDUSD will be built on the highly regarded BNB Smart Chain, known for its lightning-fast transactions and minimal fees. With FDUSD, users can enjoy the reliability and convenience of a digital currency while maintaining the stability of the US dollar. This launch not only amplifies the capabilities of the BNB Smart Chain ecosystem but also caters to the soaring demand for stablecoins in the dynamic world of cryptocurrencies.