Over the past 30 Days, the Supply of Fdusd Has Increased by 51%, with MCAP Nearing $394 Million

WikiBit|2023-09-07

Abstract:Over the past 30 Days, the Supply of Fdusd Has Increased by 51%, with MCAP Nearing $394 Million

According to Nansen data, the supply of the First Digital USD (FDUSD) stablecoin has increased by 51% in the past 30 days, with a market capitalization approaching $394 million.

According to CoinGecko's data, based on this market capitalization, FDUSD is currently the eleventh-largest USD stablecoin by market value.

Nansen analyst Martin Lee stated, “Over 90% of FDUSD's supply is on the Binance platform, and there is currently no real use case in DeFi or any on-chain applications, so there is nothing really exciting happening with it at the moment.”

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