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Binance Adds XRP and Dogecoin to FDUSD Trading Lineup

Wed, 09/06/2023 - 05:39
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Alex Dovbnya
Binance, the world’s largest cryptocurrency exchange, is set to broaden its trading offerings by adding XRP and Dogecoin to its First Digital USD (FDUSD) trading pairs
Binance Adds XRP and Dogecoin to FDUSD Trading Lineup
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Binance, the world’s largest cryptocurrency exchange by trading volume, announced it will add new trading pairs, including XRP and Dogecoin matched with First Digital USD (FDUSD), starting Sept. 7 at 08:00 UTC.

This announcement comes alongside the addition of other trading pairs like TOMO/TRY, and UNFI/TRY.

Diverse use cases 

Introduced in June 2023, FDUSD is a reserve-backed stablecoin issued by FD121 Limited, a subsidiary of Hong Kong-based financial firm First Digital Limited. 

The stablecoin operates on both Ethereum and BNB Chain networks. 

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First Digital USD is designed to maintain a stable value, backed by an equivalent amount of cash or cash equivalents, held in reserves by its custodian, First Digital Trust Limited. 

FDUSD offers various use-cases including efficient cross-border remittances, payment solutions, and utility in decentralized finance (DeFi) applications.

Waiving fees 

Binance recently added First Digital's FDUSD stablecoin to its trading lineup and is offering zero trading fees for Bitcoin and Ether paired with FDUSD. This move comes as part of Binance's strategy to diversify stablecoin trading volumes, especially after regulatory issues impacted its Binance USD (BUSD) earlier this year. The exchange also waived fees for TrueUSD (TUSD) trading. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at