The stablecoin market is highly competitive! With Paxos terminating its BUSD partnership with Binance, market attention is turning to new stablecoin options. Binance is now considering two major stablecoins: the long-established TUSD and the emerging FDUSD.
#TUSD TUSD is one of the earliest stablecoins, launched in April 2018. Has a mature market and user base. Widely used, including cross-border payments, DeFi platforms, etc. It is widely used in many industries and fields, such as tourism, e-commerce, etc. Supports multiple blockchain networks, such as Ethereum, Binance Smart Chain, etc. The market value is approximately US$2.95 billion.
#FDUSD Published by First Digital Labs and officially launched in 2023. Emphasis on programmability, suitable for smart contracts and financial services. Mainly issued on Ethereum and BNB Chain. The market value is approximately US$960 million.
#稳定币市场前景 Significant growth is expected over the next five years. As important market participants, TUSD and FDUSD will play a more important role in the rapidly developing market.
Combining the characteristics of the two, TUSD has advantages in market acceptance and application scenarios, while FDUSD has characteristics in smart contracts and programmability. As the stablecoin market develops, both stablecoins are likely to play an important role on Binance.