According to digital asset data provider Kaiko, FDUSD is off to an impressive start after listing on the Binance exchange earlier this week.
The zero-fee trading plan may have contributed to the token’s spike in trading volume on the day of FDUSD’s listing, which saw 5 million transactions per hour.
FDUSD briefly traded above Tether (USDT), the world’s largest stablecoin, reflecting greater demand for the newly listed asset.