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I've discovered something concerning about Binance [SERIOUS2]
Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span – Bitcoin News
Binance nudges users towards FDUSD as it 'gradually' phases BUSD out
Binance: New Stablecoin FDUSD Linked To Tron's Justin Sun
Mentions
SAGA with the largest launchpool in Binance history. Over $13B in BNB and FDUSD staked for it. Mainnet and airdrop on April 9th if you claimed. Could be a good one!
SAGA with the largest launchpool in Binance history. Over $13B in BNB and FDUSD staked for it. Mainnet and airdrop on April 9th if you claimed. Could be a good one!
I see. But if it's being used to consistently trade the highest liquidity crypto in the world, can't you easily swap your FDUSD for BTC and benefit from BTC's liquidity instantly?
Trading volume (in this case because FDUSD is the main stablecoin on Binance) is not equal to markercap. You can trade one coin a billion times per second, but it will still be one coin with low liquidity.
Download Safepal wallet it has FDUSD and you can swap there and access other exchanges
In the Uniswap app on iOS there is a card symbol below the balance. If you click there you can buy crypto with a card. It pre-selects ETH but you can tap on the coin and than choose others like BNB too. From experience it takes around 5-10min after the purchase for the BNB to show up in the wallet. Just to make sure since you use Uniswap. You have the FDUSD on BSC chain right? Because if it‘s a different chain you need to other tokens for the gas fees.
Thanks for the help! Got my FDUSD in the uniswap wallet now but it requires BNB to convert to USDT it doesn't seem I can buy BNB on uniswap correct?
In Trustwallet on the main page scroll down to manage crypto -> add token -> search for FDUSD -> toggle on the version you want to use.
I would use Trustwallet. It supports FDUSD on ETH and BSC chains. From there you can easily connect to Pancakeswap or Uniswap and do the swap.
I can't connect it to by binance web wallet because binance doesn't allow me to enter any other page than the one where I need to enter a new wallet ID to redeem my FDUSD. Which of the connected wallets to pancakeswap do you recommend that accepts FDUSD?
Apart from Binance I see that FDUSD can be traded for USDT on Pancakeswap & Uniswap (depending on the Blockchain you use for withdrawing from Binance). If possible I would withdraw it on BSC and swap it for USDT through Pancakeswap since ETH gas fees are through the roof these days.
Beyond the 0,1% fees Binance is offering some trade pairs with completely 0 fees.The pairs are: BTC/FDUSD,ETH/FDUSD and FDUSD/USDT.Have fun! 🤟
Should I trade USDT over FDUSD on Binance? I trade there and was wondering try FDUSD, swap all USDT to FDUSD, thats what led me here, and looks like better stay USDT and 0 fees is nothing.
You really really need to look at the FDUSD washtrading on binance
As a skeptic this doesn’t actually address any concerns, it’s just basic shill talking points. BTC is the only thing that isn’t in the grip of speculators and scam artists? Explain FDUSD and Tether wash trading then
You are not looking at the minting of the Tether, you are looking at the market cap of the circulating supply. This does not equal minting or "printing". Tether keeps several billions of minted coins in their wallets as reserve and uses them in chunks of hundreds of millions when they please. Aside from that, Tether is not the main coin used for the washtrading pumping of BTC. Binance usually uses their own coins for this. In earlier times it was BUSD and TUSD, now it is FDUSD. As you can see on [coinmarketcap](https://coinmarketcap.com/currencies/bitcoin/) the largest trading pair for BTC is for FDUSD. FDUSD is a Justin Sun connected coin with a market cap of ~3 billion but a 24h volume of a staggering 24 billion USD. Meaning every FDUSD in existence is traded 7 times a day I am not going to explain to you what this means. Tether only comes into into play to stabilize the peg of the current pumping coin.
No it didn't, that's $0.992 Also, why would you use FDUSD?
Well, FDUSD de-pegged to $0.92 now ...
What's going on with FDUSD ??? It de-pegged to $0.92 today! It seems to be the 1st time it does this since its creation ...
Yeah and on Binance with the BTC/USDC, BTC/FDUSD, BTC/EURO pairs
If BTC makes ATH on FDUSD, does that count?
Post only limit order. When I am on Binance BTC/FDUSD, I cannot see limit sell (post only) option. Is it available there actually in binance? I could see such an option clearly in LUNO though.
The integration with BNB Chain's lower fees and the liquidity on the FDUSD stablecoin are significant perks that could attract more users to Aave's lending platform.
tldr; Aave, a decentralized finance (DeFi) platform, has expanded its money market protocol to the BNB Chain, joining other DeFi protocols like Uniswap and PancakeSwap to enhance the DeFi ecosystem on the blockchain. This deployment allows Aave users to benefit from BNB Chain's lower fees and access liquidity on the FDUSD stablecoin. The integration also enables BNB Chain developers to launch applications building on Aave's liquidity, further expanding the chain's DeFi capabilities and offering new lending and borrowing options to the community. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Cool. And what % of that is with USDT vs USD? What you have linked is the TOTAL volume including USDT/USDC/TUSD/FDUSD and every other stablecoin.
Yeah that's one strategy, but assuming that there's 1 launchpool per month, it seems to still be more profitable to participate in the launchpools instead of trying to arbitrage FDUSD. Or not ?
Wait for Binance to start another launchpool, then sell FDUSD to USDT at a premium like 1.005. Then stake USDT
# What options do you know for staking FDUSD stablecoin ? There's plenty of options available for the main stablecoins like USDT or USDC. But what about FDUSD ? It's the #4 stablecoin by market cap and there's almost no options for staking out there that I could find. There's Binance Earn but it's not available in many countries due to regulations.
Monthly transaction volume... 1: Tether, 2: BTC, 3: ETH, 4: USDC, 5: FDUSD, 6: SOL, 7: LINK, 8: BNB, 9: XRP, 10: BTCB. Sure dude. Sure.
Market makers are in the business of trading on the bid and ask to collect the spread between them. They are not in the business of operating stablecoins. There are other stablecoins out there: USDC, DAI, TUSD, FDUSD. No one uses them unless they are liquid enough to be useful. Tether happens to have most of the liquidity and pricing prevalence. It's a first mover advantage + people pulled out of USDC due to SVB exposure + BUSD is effectively shut down. Tether simply lasted longer.
Have you been on binance lately (in the last 6 months)? Most pairs have no fees if you trade with TUSD (and some pairs with FDUSD). All pairs with USDT have standard fees. See https://www.binance.com/en/support/announcement/binance-launches-tusd-zero-maker-fee-promotion-and-updates-fee-promotions-for-busd-usd-stablecoin-pairs-a376bf14673044e0a1fae8fe60cb0700
It’s like staking in a protected product. You don’t lose stuff. Mostly you got like 2% return from a week of staking. The only loss is from being stupid and buying BNB (or FDUSD) at high price just for staking then sell at a loss after. If you are a BNB holder then this is free lunch money
This is the table described in the article: Dai (DAI) 4 (constrained) First Digital USD (FDUSD) 4 (constrained) Frax (FRAX) 5 (weak) Gemini dollar (GUSD) 2 (strong) Pax Dollar (USDP) 2 (strong) Tether (USDT) 4 (constrained) TrueUSD (TUSD) 5 (weak) USD Coin (USDC) 2 (strong)
They attack Circle because it has (had?) an ambition to become a de facto USD CBDC. Circle threw Paxos (BUSD) under the bus and now USDC is being thrown under the bus, perhaps by PayPal, who is now in bed with Paxos? Sun also issues a few stables, like USDD, TUSD and FDUSD. Or maybe they just want to protect the dominant role of USD cash in financing terrorist organizations. ;-)
FDUSD has been massively used for wash trading since half september to get to this price point. Can't keep that kind of wash trading going forever. Sooner or later it's going to regress again.
Source: on chain data. FDUSD had a daily turnover of up to 900%. Market cap for USDT was raised nearly 20 billion while other stablecoins could not find any customers. These data don't make sense unless it is Tether and Binance propping up the market with their monopoly money.
That's because a bull run is happening without any public interest. 20 billion dollars of Tether printed (since the start of the bull run) along with more than a billion dollars a day of FDUSD wash trading is causing the pump. It is completely artificial.
Lol that was one example. How about the jump to $30k BTC being driven mostly by wash trading of BTC and FDUSD (Justin Sun’s latest ponzi stablecoin), which saw 24-hour trading volume equating to 500% of its total market cap? Totally organic retail trades amirite? Sad irony is you think you’re frontrunning as one of the little guys while the billionaires are laughing their way to the bank.
Some stablecoins wont stay stable all the time, I ammost sceptical about FDUSD
Binance FDUSD volume is 7x the market cap, totally organic.
I’m highly sceptical of this week’s pump as both the major breakout moves have come after the NYSE closed, which is historically when the most volume is traded. It seems almost deliberate for the moves to come outside of NYSE hours. Also billions of this pump have come on Binance’s spot FDUSD pair which is shady to say the least. I know this won’t be a popular thing to say as we all want NGU. I predict a massive dump is coming.
As I understand it, Tether serves as a quasi-bank account for offshore crypto exchanges that can't get bank access. There's a good chance it wasn't fully backed early on. But the peg has been tested by the hedge fund cabal, and an attestation from BDO is only one notch below big 4 as far as credibility goes. Dunno about FDUSD though.
Nothing, its pegged and works fine. Just that Binance is removing BUSD trading pairs and slowly pushing for FDUSD adoption.
Binance propping up FDUSD while slowly shoving BUSD under the hood. *Naughty behaviour* if you ask me
You missed out on 0.5 Bn FDUSD, a new stablecoin they printed, that currenlty dominates the BTC spot trading volume on their platform.
Well first, Binance already published that they'd be abandoning BUSD a while ago. Especially since BUSD can no longer be issued due to a cease and desist on Paxos(BUSD issuer) by the SEC back in February. Support for BUSD will be dropped by February 2024. Secondly, Binance already tried replacing BUSD with TUSD who have been having some issues of their own. Thirdly, Binance then proposed replacing TUSD with FDUSD more recently. We'll see how that one turns out. So bascially you're not actually right you're just looking in the wrong places. Binance is absolutely trying to get a new stablecoin that they have control over. It's just USDC is controlled by Circle, BUSD was already crushed by regulators and TUSD is mature enough to handle all of Bianance's volume.
I have never heard of FDUSD before this week, this is very sketchy
How is BTC/FDUSD volume more than BTC/USDT volume on Binance. Is FDUSD that popular
What is the best stable coin? USDT, USDC, FDUSD, TUSD?
Might be late to the post but you do realize that you don't have to actually have 10Billion FDUSD to have a volume of 10 Billion, all trading on Binance is paper trading just like all exchanges, they can sort out the minting of more FDUSD when people start redeeming it. They don't have to be fully backed at the instant of the trade
I never even heard of FDUSD til now. So that volume is INSANE! That's more volume at 1.65B than: BNB: 273M XRP: 730M SOL: 251M ADA: 105M DOGE: 126M TRX: 137M COMBINED at Total: 1.62B Ya something isn't right.
It's the same since USDT and other "stable coins" are on the market. The only purpose of stable coin to make easier the washtrading. I was checking FDUSD yesterday since it gained significant trading volume but when I saw binance is involved I knew it''s shady business. I can see two possibility from here: I would check which altcoin is traded the most with FDUSD (probably in the begining washtrading) after it becomes attractive for the people and they put real money into it, drive the price up (injecting more fake FDUSD into the altcoin) create the liqudity and grab the traders/holders money and let it burn. Also with Bitcoin it's possible to do but You need to inject much more fake FDUSD into it to increase the price (of course if the REAL VOLUME in BTC trading low then it's easier with less fake money and It looks like the REAL TRADING VOLUME has dried month by month ). Or CZ aready know something is gonna hit the market and He can blame the "company" who is behind FDUSD and tell the people: See, when You had BUSD it was much more better fuck FDUSD they caused all of the problem I was just too naive and trusted them. Time will tell, but I wish these "stable coins" are gonna leave the market and we go back to trade BTC/ETH (or whatever crypto pair) on a reliable DEX but might be too late and the golden age of crypto has already gone.
He stopped reading at ‘FDUSD’ and made his top comment lmao Peak r/cc at play here !
He stopped reading at ‘FDUSD’ and made his top comment lmao Peak r/cc at play here !
The two comparison graphs showing FDUSD is more volatile than USDT chart is hard to compare because the y-scale is too different between those two.
FDUSD, They forgot to include a U between the F and D ...
> The problem is, I don't know myself what to think about this. Why is Binance doing this ? What's the point? Why are they artificially increasing volatility ? They make profit of the fees therefore they might've done it to keep BTC interesting / volatile while profiting of a share from market maker profit but that feels so wrong considering all the regulatory pressure especially when it comes to delays in the BTC SPOT ETF's by the SEC that clearly signaled that the price "might be too manipulated for the normal consumer". They allow and participate in wash trading on their platform (says the CFTC and SEC in their lawsuits against Binance). If everyone thinks Binance does the most volume, even if the volume is mostly fake, then they bring their money to Binance to trade. With respect to "why FDUSD?" my completely unsubstantiated theory is that they probably have some arrangement with First Digital where Binance gets kickbacks that they don't have with Tether.
Man Binance is shady. I wouldn't be surprised if they're behind FDUSD and artificially inflating the trading volume to make it look more legit. I bet regulators have told them that they're not happy about Binance being an exchange and pushing their stablecoin BUSD, so they're winding down operations with BUSD and instead using FDUSD which they're "totally not associated with" despite owning 95+% of it.
What is the significance in newbie terms to having trading volumes greater than the market capitalization of the underlying asset? Is that something I should watch out for in general? I know to be wary of transaction volumes as they can be faked by buying and selling the same trading pairs over and over and DoKwon even faked transactions to inflate volume and fees. Also, does it matter and do you know if the entirety of the asset base is being transacted or is it only a small portion of the 406M? I think for FDUSD you were looking at 4.5 X with market cap at 406M and trading volumes of 1.8B. Can the staked portion of 186M be a part of that volume or is that excluded and we are doing seeing the remaining 220 being cycle through 8X? Does that matter or not? In terms of BTC and Binance I do not like to see them involved in BTC in this manner as it is clear manipulation. I think Binance could be testing the waters to grow their FDUSD offering and also see what type of business they can conduct with it. Wintermute is a willing partner in exploring their options and rocking the BTC boat. It would be great to hear the conversations behind this activity. Good find.
After BUSD face problem Binance use all stable shitcoins first TUSD also they use now FDUSD. They can use USDT USDC.
They are 100% involved in this. FDUSD was literally nothing with a 20m market cap before Binance announced them, listed them and hosted a major 0% event on the pair. Binance overall is the reason why BTCFDUSD has become a major driver of intraday BTC price action
This pretty interesting find here i wouldn’t be surprised if Justin Sun is anywhere close to propping FDUSD . Recently he moved & deposited Millions into Binance account as per latest reports .
Lol bro what?! Yes, Binance is now currently pushing for their own stablecoin FDUSD. But not before CZ gave his buddy Justin’s TUSD zero maker fees on spot & margin trading pairs, which eventually made the Bitcoin-TrueUSD pair the largest Bitcoin trading pair in the world for this whole year and commanded 50% of Binance's Bitcoin trading volume. This “partnership” also drove up TUSD’s marketcap by 300% in 8 months. All of this while Binance held 90% of the TUSD supply. Before this, TUSD was an obscure stablecoin with a ~$300m marketcap.
TUSD never took off. Binance uses FDUSD.
What is this new stablecoin FDUSD? Top5 in volume on Binance. Who's backing it?
tldr; The article discusses the suspicions surrounding the rise and fall of Bitcoin on the Binance exchange. The CEO of on-chain analysis company CryptoQuant, Ki Young Ju, has raised concerns about the artificial manipulation of Bitcoin's price on Binance. He points out the significant trading volume of the BTC/FDUSD pair, which is 10 times higher than the amount deposited into Binance. Additionally, 98.5% of the FDUSD supply is held in Binance wallets. These observations raise questions about market manipulation, wash trading, and money laundering. The article suggests that Binance may be using new stablecoins to manipulate the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Binance spots no volume & interest Binance introduces FDUSD Binance offers no maker fees + provide their market makers to go hard on the pair Binance creates massive fake demand & volume Binance basically has control of intraday & short term price action And then ppl wonder why it’s so disliked by many in the community and has the DOJ on their ass
BTC / FDUSD pair has flipped BTC / USDT in 24h trading volume on Binance spot. It has twice the 24h volume than its existing current available supply. Meanwhile Level 3 data dhows an almost thin order book. Majority of volume are market orders hammering the market every second
The stablecoin FDUSD has a circulating supply of 380 million token with a 24h volume of $700 million 
Still 0 fees on the FDUSD/BTC pair and all stablecoin to stablecoin pairs. Still the BTC/USDT pair has the highest volume. Simply because people don't know.
They introduced 0 fee pairs with some shady stablecoins TUSD and FDUSD. It was a "necessity" in the sense that they need to move away from BUSD since it's not minted any more. But users don't want to switch to these new stablecoins and hence the volume collapse.
Well if you trade with FDUSD it's still 0 I think.. but who does that..
All of this just to force people to move to FDUSD. Straight away, it makes me very suspicious about FDUSD now.
It’s also a way to promote the new FDUSD. BUSD to FuDUSD is free.
And they seem quite keen to replace it with FDUSD. What are people's thoughts on this?
Binance, the world’s largest crypto exchange by trading volume, announced it is adding support for trading some of the most popular cryptocurrencies with the First Digital USD (FDUSD) stablecoin pairing
Binance wants us to convert BUSD to FDUSD.. Binance is my favorite exchange and I enjoy it a decent amount.. but stay alert those who have BUSD.. the SEC may pull something.
FYI They hold more than 95% of other 2 Stablecoins they introduced recently, TUSD and FDUSD. Just new way to print money for them.
It's indeed always great to see how Binance pays attention to the current market dynamics and communicates their decisions in a transparent way to their user community. It's clear that they are encouraging investors to transition away from BUSD and presents a good opportunity for us to diversify our portfolios with other available assets. I'll personally be exploring FDUSD due to the zero trading fees for conversion. Thanks for sharing this crucial update with the community, much appreciated!
Well Binance did recommend going to FDUSD (dumbest name in crypto but whatever)
tldr; Binance, the world's leading cryptocurrency exchange, has announced that it will phase out support for the BUSD stablecoin. This decision comes after Paxos halted minting new BUSD tokens. Binance users are encouraged to convert their BUSD assets into other stablecoins or digital assets on the platform by February 2024. The decision to end support for BUSD was expected since Paxos was ordered to stop minting the coin in February. BUSD's 24-hour trading volume is just under $900 million. Binance will gradually cease support for BUSD products as Paxos has halted minting new BUSD. BUSD borrowings on Cross Margin will be suspended starting September 7, 2023, and no new BUSD collateral will be accepted from October 19, 2023. Withdrawals of Binance-Peg BUSD will halt on September 7, 2023, but BUSD transactions via Ethereum will continue. Binance urges users to trade or switch their BUSD holdings for First Digital USD (FDUSD), a stablecoin introduced in June. This decision comes amidst regulatory scrutiny and concerns surrounding Binance's native token, BNB. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Crypto update: 01/09/2023 - Binance to end support for BUSD, encourages conversion to FDUSD. - Coinbase is set to join other crypto exchanges that have recently listed PYUSD. - Terra Luna Classic community votes on a new proposal to introduce a decentralized debit card to the Terra Luna Classic (LUNC) ecosystem. - Uniswap founder Hayden Adams hails 'based' scam tokens ruling. - Stroom Network raised $3.5 million in an oversubscribed seed funding round led by Berlin-based crypto investment firm Greenfield. - Offchain Labs has introduced a new technical implementation called Arbitrum Stylus to support smart contract development in multiple languages. - Worldcoin's WLD token has tanked by more than 50% since its launch.
They are just swapping, due to regulatory issues. FDUSD will replace BUSD. Strategically speaking it totally makes sense for Binance to operate with a Hong Kong based company. FD just stands for First Digital.
That was only for their stable coin, but they changed their stable coin several times. BUSD -> TUSD -> FDUSD ?!?
Binance have gone from BUSD->TUSD->FDUSD in a pretty short timeframe. I'm honestly surprised BUSD hasn't depegged yet after SEC took threatened legal action against Paxos(BUSD issuer)
Really? I thought they were heavily pushing TUSD. Now it's FDUSD? They even have their whole zero-fee promotion using only BTC/TUSD. ​ Binance really seems to be speed-running stablecoins
tldr; Binance, the leading cryptocurrency exchange, has announced that it will gradually discontinue support for Binance USD (BUSD) stablecoin by February 2024. This decision comes after Paxos, the issuer of BUSD, stopped minting new tokens. BUSD holders need to take specific steps to safeguard their holdings, including converting their BUSD to other stablecoins. Binance will cease various services related to BUSD on different timelines leading up to February 2024. The move to drop BUSD is a result of increased regulatory scrutiny over Paxos, which is under investigation by the New York Department of Financial Services. Binance is directing users toward First Digital USD (FDUSD) stablecoin as an alternative. This decision highlights the regulatory scrutiny faced by both Paxos and Binance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
They’re promoting a new one called FDUSD
Yes, that's why the US stopped fighting stablecoins and is more or less in bed with Circle right now. However non-US USD-pegged stablecoins make no sense and aren't very trustworthy. FDUSD is based in Hongkong, which is basically China. China might ban USD reserves at any time to try and promote yuan, they already do it in foreign trade. As such, FDUSD shouldn't be held or used for trading in any significant volume. We should instead move towards digital euro or CHF with verifiable reserves in Swiss and European banks.
There are 0 fees on TUSD and now FDUSD pairs. I'm not convinced, though. I'll stick to BUSD for as long as I can and then reluctantly convert to USDT probably.
tldr; Binance has advised its users to convert their Binance USD (BUSD) holdings to First Digital USD (FDUSD) as it intends to phase out support for BUSD by February 2024, according to an Aug. 31 statement. The exchange said it would “gradually” end support for several BUSD products, including delisting its spot and margin trading pairs, […] The post Binance nudges users towards FDUSD as it ‘gradually’ phases BUSD out appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
They only thing stopping FDUSD from becoming FUDUSD is U.
FDUSD ready to declare war to CBDCs /s
First Digital USD (FDUSD) honestly can't think of a worse name. Alteast BUSD was named accordingly
We were just waiting on them dropping it. I understand why they wont go with USDC because that would benefit their competitor. No clue how reliable FDUSD is but with Binance's backing it'll probably be alright.
tldr; Crypto exchange Binance has confirmed its plan to gradually cease support for its stablecoin, Binance USD (BUSD), by February 2024. This decision aligns with Paxos' plans to end BUSD redemption at that time. Binance is encouraging users to convert their BUSD holdings into a newly listed stablecoin called First Digital USD (FDUSD), which was launched by the Hong Kong-based trust company First Digital Group. The exchange has delisted eight BUSD pairs and is offering fee-free trading and conversions for BUSD to FDUSD. Binance's decision to halt BUSD support may be related to allegations by the US Securities and Exchange Commission that BUSD is an unregistered security. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
TLDR: In 2024 binance stops supporting BUSD and moves to First Digital USD - FDUSD.
they already got FDUSD going. no big deal
tldr; Tether, the issuer of stablecoin USDT, has announced that it will discontinue its Bitcoin Omni Layer version, as well as the Bitcoin Cash and Kusama versions, due to lack of interest from users. While redemptions will still be available for at least a year, no new Tether tokens will be issued on these blockchains. Tether acknowledged the historical significance of the Omni Layer but stated that it faced challenges and declining usage. The company plans to consider reissuing the Omni Layer version if usage picks up and is also working on a new Bitcoin smart contract system called "RGB." The competition in the stablecoin market has been increasing, with the release of Paypal's PYUSD and Binance's FDUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*