FDUSD, the stablecoin supported by Binance, the world’s largest cryptocurrency exchange, has lost some of its dollar stability.
First Digital USD (FDUSD) powered by Binance 29 February day, the dollar loses its stability de-peg status lived. FDUSD, which should be fixed at $1 according to CoinGecko dataup to $0.988 declined. A similar situation occurred on FDUSD on Wednesday, February 28.
FUSD 0 in yesterday’s declineup to $.975He had melted. These declines are due to large whale transactions in the cryptocurrency market, which has been volatile in recent days, and 47. Launchpool project Portal It is thought to be due to the staking period expiring. As you may remember, in order to win the Portal, users FDUSD stake they had.
According to data provided by Binance FDUSD/USDT The parity was closed for a short time and then reactivated. FDUSD currently has a market capitalization of $3.3 billion, positioning it as the fourth largest stablecoin in the market.