#FDUSD claims to be the first stablecoin backed 1:1 with USD. This stablecoin issued by First Digital Labs has now entered the Binance market with not many pairs yet.
From coinmarketcap, this stable coin from Hong Kong is only available in 2 markets, on CEX, namely Binance, and on DEX, namely PancakeSwap, with several pairs, namely:
#FDUSD#BUSD(Binance)
#BNB#FDUSD(Binance)
#USDT#FDUSD(PancakeSwap)
According to the whitepaper, they claim there are several advantages if we use $FDUSD
-Easy to program
-Low fee
-Operates on a decentralized network
-Avoid custodian bankruptcy
This stablecoin on the ethereum and binance smart chain networks has a market cap of more than 20 billion. We can also stake this coin on Binance, with a yield of 1.93%.
My personal opinion, there will be lots of other stablecoins that will try to beat the marketcap #USDT
Please Do Your Own Research, choose which stablecoin we think is safe and makes us calm.
Keep investing calmly and don't get#FOMObecause there are lots of new coins / tokens emerging.
Stay Hungry, Stay Foolish.