Binance's OMNI Launchpool recently reported FDUSD stablecoin deposits exceeding its total circulation, sparking debate about the stablecoin's backing and the platform's operational fairness. Initially, $6.37 billion in FDUSD was shown, while the stablecoin's market cap is just below $4 billion.
Binance later clarified this as a display error, now showing $3.18 billion FDUSD deposited. Following the news, FDUSD briefly depegged to 98 cents but has since recovered.
đ What are your thoughts on this?
Let's discuss below! đ #CryptoNews #Binance #FDUSD
â€ïžLIKE đ«FOLLOW đłREQUOTE OR RESHARE
âšïž COMMENT
đ«Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
