Binance, the world’s largest cryptocurrency exchange by volume, announced the listing of a new stablecoin called FDUSD. This decision comes amidst contrasting statements made by Binance CEO Changpeng Zhao (CZ) on the stability of stablecoins. In the past, Zhao bet on the industry distancing itself from dollar-linked stablecoin listings. CZ Reservations and Binance Regulatory Challenges FDUSD is a 1:1 USD-backed stablecoin backed by Hong Kong-based First Digital Trust Limited. Before Binance announced the listing of FDUSD on July 26, it was launched on the BNB Chain last month. Commenting on the listing, Vincent Chok, CEO of First Digital Trust, emphasized transparent alternatives to conventional
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Author: coinmaker