Fellow Binancians,
Binance will list the new stablecoin First Digital USD (FDUSD) and open trading for new spot trading pairs at 2023-07-26 08:00 (UTC).
New spot trading pairs: BNB/FDUSD, FDUSD/BUSD and FDUSD/USDT.
Users can start depositing FDUSD now.
Withdrawals for FDUSD will open at 2023-07-27 08:00 (UTC).
FDUSD Listing Fee: 0 BNB.
Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
FDUSD Zero Maker Fee Promotion
To celebrate the launch, Binance is introducing a zero maker fee promotion for FDUSD trading pairs. During the promotion period, all users will be eligible to enjoy zero maker fees on all FDUSD spot trading pairs, as well as any new FDUSD spot and margin trading pairs.
Validity Period: 2023-07-26 08:00 (UTC) until further notice
FDUSD to Be Added to the Zero Trading Fee Promotion
Binance will also be adding FDUSD to the zero trading fee promotion for USD stablecoin pairs. During the promotion period, users will enjoy zero maker and taker fees on the FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs.
Validity Period: 2023-07-26 08:00 (UTC) until further notice
Fee Structure:
About FDUSD
FDUSD (First Digital USD) is a 1:1 USD-backed stablecoin issued by FD121 Limited, operating under the brand name of First Digital Labs. FDUSD offers users a reliable digital currency aimed at reducing the impact of volatility in the cryptocurrency market, enhancing the efficiency of financial transactions by lowering transaction costs, and offering faster, more secure transactions. FDUSD is a programmable stablecoin enabling the execution of financial contracts, escrow services, and insurance without intermediaries.
FDUSD is backed by high-quality reserves - cash and cash equivalents, meaning that users can redeem their FDUSD tokens for their equivalent value in US dollars. Users can trust that FDUSD is always 1:1 backed. This underscores First Digital’s commitment to operating in a transparent and secure manner, providing users with increased trust and confidence in the stability of the stablecoins.
FDUSD’s reserve account is audited by independent third parties such as Prescient Assurance, whose attestation reports will be publicly shared every month. Users can visit First Digital Labs' official website for the latest reserve details.
FDUSD is available on Ethereum and BNB Chain with planned support for an increasing number of blockchains. For more information, visit firstdigitallabs.com or check out its whitepaper.
Details:
Terms & Conditions:
FDUSD Zero Maker Fee Promotion
During the promotion period, all users will enjoy zero maker fees on all FDUSD spot and margin trading pairs. Standard taker fees on these FDUSD spot and margin trading pairs apply as per user’s VIP level.
Standard maker fees will apply after the promotion ends. Please refer to the VIP tier fee structure for more details.
Zero Trading Fee Promotion for USD Stablecoin Pairs
During the promotion period, users will enjoy zero maker and taker fees on all existing and new USD stablecoin spot and margin pairs, including but not limited to BUSD/USDT, FDUSD/BUSD, FDUSD/USDT, TUSD/BUSD, TUSD/USDT, USDC/USDT and USDP/USDT.
The trading volume on all existing and new USD stablecoin spot and margin pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the promotion period, where applicable.
BNB discounts, referral rebates, and any other adjustments will not apply to the spot and margin trading volumes on any existing or new USD stablecoin pairs during the promotion.
Standard trading fees apply after the promotion ends. Please refer to the VIP tier fee structure for more details.
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
All trading volume and metrics related to the promotions are measured by Binance at its sole and absolute discretion.
Calculation of maker fee and/or taker fee rebates for all spot and margin trading pairs under the promotions will resume when the respective promotion ends, subject to further updates.
Binance reserves the right to cancel or amend the Promotions or Promotion rules at its sole discretion.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-07-26
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
