GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave's gho (GHO) and First Digital's stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market capitalization soon after their debut.

Timeline of First-digital-usd, Gho

First Digital Group, which includes First Digital Trust, one of Asia's leading qualified custodians and a registered trust company headquartered in Hong Kong, announces that its stablecoin, First Digital USD (FDUSD), “issued under the entity FD121, will debut and list on Binance, the world's largest

As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe's leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD) in a recent blog post.

Hong Kong-based First Digital Group announced on July 26 that its stablecoin, First Digital USD (FDUSD), has been listed on Binance, the world's largest cryptocurrency exchange by volume.

Binance, the world's largest cryptocurrency exchange by volume, announced the listing of a new stablecoin called FDUSD. This decision comes amidst contrasting statements made by Binance CEO Changpeng Zhao (CZ) on the stability of stablecoins.