Report: FDUSD market value hits new high, trading volume increased by 51.1% in January
CCData's latest stablecoin report shows that FDUSD's trading volume on centralized exchanges (mainly Binance) has significantly increased, with its market value reaching a historic high. The stablecoin's trading volume grew by 51.1% in January, reaching $122 billion, second only to USDT.
The report pointed out that after the approval of Bitcoin spot ETF in the United States, Binance's BTC/FDUSD trading pair accounted for the majority of trading volume, becoming the largest Bitcoin trading pair on the exchange.
The monthly trading volume of this trading pair in January was $80.8 billion, followed by Binance's BTC/USDT trading pair, with a trading volume of approximately $60 billion during the same period. (CryptoSlate)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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