Binance announced it will list a new stablecoin, First Digital USD ($FDUSD), on July 26 at 8am UTC, with new spot trading pairs BNB/FDUSD, FDUSD/BUSD and FDUSD/USDT available. Deposits for $FDUSD are open, and withdrawals will be open on July 27 at 8am UTC.
Binance will introduce a zero maker fee promotion for $FDUSD trading pairs. During the promotion period, all users will be eligible to have zero maker fees on all $FDUSD spot trading pairs, as well as any new $FDUSD spot and margin trading pairs. In addition, Binance will add $FDUSD to the zero trading fee promotion for USD stablecoin pairs.
$FDUSD is issued by FD121 Limited, a subsidiary of Hong Kong-based digital asset custodian and licensed trust company First Digital, and is backed by cash and cash equivalents held in accounts of regulated financial institutions in Asia on a 1:1 basis. Available on Ethereum and BNB Chain, $FDUSD is a programmable stablecoin, capable of enabling the execution of financial contracts, escrow services, and insurance without intermediaries.
Related: Hong Kong Trust Company First Digital Launches FDUSD, a USD Stablecoin