FirstDigitalLabshasofficiallyannouncedthelaunchofitsFDUSDstablecoinontheSolanablockchainatBinanceBlockchainWeek.ThisnewswassharedonSolana’sofficialXaccount.ThedecisionismeanttotakeadvantageofSolana’sscalabilityandlowfeesfortransactions.Inthis,FDUSDwillbecomepartofthegrowingSolanapaymentsanddecentralizedfinance(DeFi)ecosystem.
Bitcoinbullmarketbeginswithleveragedbets
“Thebullmarketwillcontinueas#bitcoincontinuestobedepositedintofuturesexchangesforleveragedbetsusingderivatives,ratherthanintospotexchangesforselling.”–By@t0_god
Link👇https://t.co/1egL7L2YoOpic.twitter.com/uuQPEiSWtb
—CryptoQuant.com(@cryptoquant_com)October30,2024
FDUSDJoinsUSDC,USDT,andPYUSDonSolana
ByOctober28,2024,FirstDigitalhasfloated$2.6billioninFDUSDinthenumerousblockchainplatforms.ThisfigureisfromRWA.xyz.AsFDUSDhasenteredSolana,itwouldjoinotherprominentstablecoins.TheseareCircle’sUSDCstablecoin,Tether’sUSDTstablecoin,andPYUSD,thestablecoinlinkedtoPayPal.Thecurrentincreaseintheavailabilityofstablecoinsimpliesabetterresourcetodevelopers.ThisinturnresultstobetterdevelopmentofPayFiproductsfortheusers.
StartingfromDecember2024,FirstDigitalwillreleaseFDUSDnativelyonSolana.Theintegrationofthesetwotechnologiesisexpectedtohaveseveralimportantadvantagesforusers.First,theycanexpectthatthetransactionwillbemuchfaster.FDUSDwillemploySolana’shighspeedblockchainplatform.Assuch,transactionswillbeeffectuatedinseconds.Thisspeedisgoodforrealtimepaymentsandsettlements.
Moreover,thefeesassociatedwithtransactionsarealsolowerinthecaseofcryptocurrencies.TheframeworkmakesitcheapertotransfervaluebymakinguseofSolana.Thismakesitaffordableandobligatoryforwideracceptanceintothemarket.Inaddition,improvedscalabilitywillguaranteethatFDUSDmeetstheincreasingrequestsasthepopulationincreases.
FDUSDExpandsCompatibilitywithSolana,Ethereum,BNB
TheintegrationwithSolanaisoneofthenumerousplansforFirstDigital.Theywanttocreateastablecoinsystemthatisbothdiverseandrobust.Fornow,FDUSDiscompatiblewithEthereum,BNB,andSui.IntegratingSolanawillfurtherincreasetheavailabilityandliquidityofFDUSDcomparedtopreviouslevels.
Ultimately,thispartnershipcanbeconsideredasapositiveshiftoftheblockchainmarket.Itaddschoicestotheuserendwhileofferingframeworkforfuturedevelopmentatthebaseend.ThereismoreinstoreinFDUSDonSolana,andusersshouldexpectmoreproductadvancementsinthefuture.
blockchainreporter.net