The First Digital USD (I-FDUSD) stablecoin has overtaken Circle-issued USD Coin (USDC) as the second-most popular pair for Bitcoin during the last five months, thanks to the zero-trading fee program on Binance.
CCData’s latest umbiko we-stablecoin revealed a significant uptick in FDUSD’s trading volume on centralized exchanges — primarily Binance — which has taken its market capitalization to record highs.
The stablecoin’s volume climbed 51.1% to $122 billion in January, making it the second most popular trading pair after Tether’s USDT.
Umthamo wokuhweba we-stablecoin usuwonke ekuhwebeni okumaphakathi ukhuphuke ngo-4.54% wafinyelela ku-$1.05 trillion ngoJanuwari, izinga eliphakeme kakhulu kusukela ngoDisemba 2021.
Ukushintsha kwe-FDUSD
According to the report, the BTC/FDUSD pair on Binance made up most of the trading volume as the most traded Bitcoin pair on the exchange after the ukugunyazwa kwe-Spot Bitcoin ETFs e-US.
Lo mbhangqwana uqophe umthamo wanyanga zonke wamaRandi ayizigidi eziyizinkulungwane ezingu-80.8 ngoJanuwari, kulandelwa umbhangqwana we-BTC / USDT ku-Binance, owabona cishe amaRandi ayizigidi eziyizinkulungwane ezingu-60 ngesikhathi esifanayo.
Imali yemakethe ye-FDUSD ikhuphuke cishe ngo-13% yafinyelela ezingeni eliphakeme kunawo wonke lama-dollar ayizigidi eziyizinkulungwane ezingu-2.44, okulethe isabelo sayo semakethe ye-stablecoin safinyelela ku-15.6%.
I-FDUSD iye yavela njengenye ye-stablecoins ethandwa kakhulu ezinyangeni zamuva ngenxa yokukhuthazwa okunzima kwe-Binance kwempahla yedijithali.
Following Binance USD’s (BUSD) regulatory struggles, i-crypto exchange wanxusa its users to pivot to FDUSD and introduced several new products designed to incentivize the stablecoin use on its platform.
I-USDT ihlala iyinkosi
Tether USDT remains the dominant stablecoin in the sector by a large margin despite FDUSD’s ascent, controlling roughly three-quarters of the market share among the top 10 stablecoins.
I-Top 10 Stablecoins Dominance (Umthombo: I-CCData)Ihlala iyipheya yokuhweba ehamba phambili ekuhwebeni okumaphakathi, enevolumu yanyanga zonke eyi-$241 billion.
Isilinganiso semakethe ye-USDT sikhuphuke ngo-1.23% ngoFebhuwari futhi okwamanje simi ku-$ 97.3 billion, okumaka irekhodi eliphezulu lokuhlinzekwa okujikelezayo kwe-stablecoin. Ngaleso sikhathi, ukubusa kwemakethe ye-stablecoin bekungama-70.6% kusukela ngo-Feb. 20.
JPMorgan abahlaziyi muva nje waxwayiswa that USDT’s dominance in the crypto sector could prove detrimental to the industry — a claim that was vehemently rejected by the Tether CEO UPaolo Ardoino.
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- Source: https://cryptoslate.com/binances-fdusd-market-cap-hits-record-high-dethrones-usdc-in-bitcoin-trading-volume/
