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Stable Coins Forum / Re: FDUSD volatily
« on: April 27, 2024, 09:50:17 PM »I agree, I think that after banning BUSD, Binance is trying to make a strong return to the stablecoin market and the best way to do that is Binance Launchpool, as their strategy aims to reduce dependence on USDT and promote FDUSD, so by using this strategy you profit about $15 for every $1,000 invested, but on the other hand, FDUSD You gain more liquidity and grow, and after it becomes big enough Binance will stop giving you these easy profits.Yeah, following BUSD and TUSD, FDUSD has been selected by Binance for special benefits on Binance including free trading + airdrop in launchpools. Perhaps Binance wants to support First Digital and FDUSD, as well as add more interesting features for Binance CEX users. FDUSD price movements are very stable with a spread of less than 1%, FDUSD reserves are also reported monthly by Prescient, we can all refer to and trust the potential of this new stablecoin.
Staking FDUSD may be profitable, but believe me, all similar experiments ended in something bad.
FDUSD marketcap is currently only around $4.5B, I believe that with the help of Binance, FDUSD marketcap will soon grow as strong as BUSD in the past.