Which is Better: FDUSD vs USDT on Binance?
$USDT is one of the most popular stablecoins, launched by Tether Limited Inc. in 2014, and is widely recognized as being backed by U.S. dollar reserves. It’s the most commonly used stablecoin on Binance.
$FDUSD (First Digital USD), a newer stablecoin, made its debut on June 1, 2023, under the auspices of First Digital Labs, a financial firm headquartered in Hong Kong. It was introduced by Binance as an alternative to BUSD, which faced legal challenges with U.S. federal authorities.
Advantages of USDT:
USDT is widely accepted across all platforms.USDT is used as a standard for P2P transactions, withdrawals, and transfers.
Advantages of FDUSD:
Zero Fees on #Binance: Many currencies on Binance offer zero fees when trading with FDUSD, as long as your order isn't executed at the spot price. Otherwise, fees will apply.For example, if $ETH is priced at $2500 and your order is also at $2500, you will incur fees if your order isn't executed before others.Profit Opportunities: Sell FDUSD when its value is higher than USDT. Sometimes, FDUSD may drop slightly to 0.999x. When FDUSD rises, you can sell it for USDT and continue this cycle.Staking Rewards: Staking FDUSD can be profitable, as Binance often offers rewards when you hold FDUSD in the Launchpool.

Cypto is a new investment opportunity that gained popularity in 2020 with the rise of affiliates and influencers promoting it. As more people joined, many began to approach it like traditional forex trading. However, this is not the right strategy because the price of crypto can increase or decrease by 100 times, which is vastly different from forex or stock markets. Most people focused on charts, tracking price fluctuations, and reading countless articles, yet still ended up losing money.
If you think you're smart, remember that there are always smarter players with access to more information. They know when to buy and sell.
For example, I don't know anyone here who has made millions in the crypto market. You need to understand the following:
1. Spot trading is safer - It's less risky compared to other types of trading.
2. Monitor your list of crypto daily - If you own multiple cryptocurrencies, check them regularly because some may lose value rapidly.
3. Don't overconsume information - Too much reading can overwhelm you and turn investing into a game.
4. Small investments won’t make you a millionaire - You need to invest wisely and understand that small amounts alone won’t lead to big profits.
5. Don’t invest all your savings - Only invest what you can afford to lose, especially if you might need the money for essentials like a home or food.
6. No one knows the future - No one can predict which coin will surge or plummet.
7. Avoid following greed - Don’t rush to buy when prices are high, and don’t panic sell when prices drop.
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