FDUSD
Binance Launchpool’s Critical Error Affects FDUSD Circulation
In a recent development, Binance’s OMNI Launchpool has reported deposits of the FDUSD stablecoin that have surpassed its officially reported total circulation by a significant margin. The platform initially showed deposits totalling $6.37 billion in FDUSD, which sparked intrigue among observers. This is notable, considering the stablecoin’s reported market capitalization is just below $4 billion. […]
Binance Launches Omni Network with BNB and FDUSD Staking
Binance, one of the world’s leading cryptocurrency exchanges, announced that Omni Network (OMNI) is the latest project to be added to the Binance Launchpool. Notably, the spotlight shines on Omni Network (OMNI), offering investors a chance to delve into a novel blockchain architecture. Binance introduces the Omni Network (OMNI) Binance Launchpool, the breeding ground for […]
TUSD Strays from $1 Peg as Binance Shifts Focus to FDUSD
The trueUSD (TUSD) stablecoin, which is supposed to be pegged to the US dollar, has dropped below $1 and is currently trading at $0.988, according to CoinDesk Indices data. The de-pegging by TUSD marks the second time in two months as it fell to a low of $0.9957 in June 2023. Moreover, Reasons behind the […]