Binance Postpones FDUSD Stablecoin Listing Amid Concerns

Key Points:

• Binance temporarily halts trading for FDUSD due to technical issues!
• Trading activities involving FDUSD will be suspended from 09:45 (UTC) and will resume at 14:00 (UTC).
• Impacted trading pairs include BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT spot trading pairs.

Binance revealed that due to unforeseen technical issues faced by FDUSD pairs’ liquidity providers, they will be temporarily halting trading for First Digital USD (FDUSD).

The decision comes as a precautionary measure to ensure utmost protection for their users and maintain the integrity of the trading process.

Effective from 2023-07-26 09:45 (UTC), all trading activities involving FDUSD will be suspended, and any pending orders on the FDUSD pairs will be automatically canceled during this period. The exchange aims to rectify the technical issues promptly and diligently, providing their users with a seamless trading experience once the problems are resolved.

The impacted trading pairs include BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT spot trading pairs. However, users need not worry, as the halt is only temporary. Trading for these pairs will resume at 2023-07-26 14:00 (UTC), after the technical issues have been thoroughly addressed and resolved.

Binance expressed regret for the inconvenience caused to its users and emphasized its commitment to safeguarding their interests and funds. By implementing a temporary halt, Binance aims to mitigate any potential risks and uphold its reputation for providing a secure and trustworthy trading environment.

FDUSD plays a crucial role in Binance’s trading ecosystem, offering stability and liquidity to the users. Binance recognizes the significance of stablecoins in the crypto market and continues to take measures to ensure smooth operations and user protection.

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