Binance – the world’s largest cryptocurrency

in bitcoin •  last year 

Right off the bat, users will be able to trade without paying for trading fees until there’s further notice of it.
But it’s also important to understand what FDUSD is.
It’s a reserve-backed stablecoin that’s issued by a subsidiary of a Hong Kong-based financial firm called First Digital Limited (hence the FD in the name).
The cryptocurrency was launched back in June 2023 on Ethereum and on the BNB Chain. There are plans for it to be issued on other networks as well.
One of the specifics is that FDUSD provides an “attestation of reserve” report.
The document is audited by independent specialists in a bid to attest to FDUSD’s complete backing and equivalent value.

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