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)