FDUSD market capitalization soared to $1.61 billion, with trading volume reaching $2.2 billion in the past 24 hours

The stablecoin asset FDUSD has experienced significant expansion in the two weeks since December 2, 2023, with its supply increasing by 690 million. As of December 17, 2023, this surge has brought its market value to $1.61 billion.

During this period, tokens pegged to the US dollar increased by 74.92%. FDUSD is ranked 46th in terms of market capitalization. The etherscan contract for FDUSD shows that as of December 17, the supply of FDUSD has reached 1.611 billion, an increase of 74.92% from 921 million FDUSD on December 2.

In the past 24 hours, the global trading volume of FDUSD has reached $2.2 billion, mainly driven by the USDT and BTC trading pairs on Binance. In fact, during this period, 90.45% of FDUSD's trading volume came from these two currency pairs on Binance.