FDUSD

FDUSD

As 2025 draws to a close, Binance is making another adjustment to its trading lineup, underscoring how large exchanges regularly recalibrate products before entering a new cycle. The crypto exchange said it will scrap several spot and margin trading pairs linked to the First Digital USD stablecoin on January 6. The change affects Bitcoin Cash, TAO, Avalanche, Litecoin, Sui, Cardano, and Chainlink. Despite the breadth of tokens involved and Binance’s dominant position in global trading volumes, markets showed little immediate reaction, suggesting the move is being treated as operational rather than market-moving. The decision adds to a steady stream of listing and delisting announcements from Binance in recent months, reflecting a broader effort to manage liquidity, risk, and platform structure. Pairs removed in January Binance confirmed that FDUSD spot and margin pairs for Bitcoin Cash, TAO, Avalanche, Litecoin, Sui, Cardano, and Chainlink will be removed on January 6. The delisting applies to both cross-margin and isolated margin trading pairs. The exchange did not provide a reason for the decision. While Binance regularly reviews trading pairs based on factors such as liquidity and usage, no specific criteria were cited in this announcement. Margin restrictions already active Ahead of the delisting date, Binance has already introduced changes affecting margin account activity. Users are no longer able to move assets linked to the affected pairs into isolated margin accounts through manual transfers or Auto-Transfer Mode. Users with outstanding liabilities tied to these tokens may still make manual transfers, but only up to the value of their liabilities and after deducting any available collateral. These limits are intended to reduce risk exposure as the margin products linked to FDUSD are phased out. The defining feature across all the removed trading pairs is their connection to the First Digital USD stablecoin. No other stablecoin pairs were included in this round of removals, placing the focus squarely on FDUSD rather than on the underlying cryptocurrencies themselves. Following the announcement, prices across the affected tokens showed minimal volatility, according to market data. The subdued response contrasts with earlier delistings where price declines followed quickly, suggesting traders viewed this move as largely technical. Recent Binance listing activity The FDUSD delisting follows recent changes to Binance’s spot trading offerings. Around one week earlier, the exchange opened spot trading for Cardano and several other cryptocurrencies, though the service was unavailable to users in jurisdictions such as the US, Canada, Cuba, Iran, and the Netherlands. Prices for Cardano and some other listed tokens rose after that announcement. Earlier in December, Binance announced the removal of StaFi, REI Network, and Voxies, with prices of those assets falling after the news. In October, the exchange terminated services for Flamingo, Kadena, and Perpetual Protocol. Kadena’s valuation dropped following that statement, according to price records. The post Binance to delist FDUSD trading pairs across major cryptocurrencies appeared first on Invezz

Binance will scrap FDUSD spot and margin pairs for BCH, TAO, AVAX, LTC, SUI, ADA and LINK on Jan. 6, with limited price reaction across the tokens. Binance announced plans to delist several cryptocurrency trading pairs on January 6, affecting…

The Hong Kong-based issuer of FDUSD, First Digital, is planning to go public in New York, adding to the list of crypto companies seeking public listings under the Trump administration’s supportive approach toward digital assets. First Digital Group, the Hong Kong company that issues the FDUSD stablecoin , plans to go public by merging with a special purpose acquisition company (SPAC) called CSLM Digital Asset Acquisition Corp III, which is listed on the New York Stock Exchange. The SPAC raised $230 million through an initial public offering on the Nasdaq stock market in August. The planned merger includes a private investment in a public equity deal, although details are reportedly still being worked out. Crypto companies are rushing to go public President Trump signed the GENIUS Act into law on July 18, establishing the first federal regulatory framework for stablecoins. The president’s favorable regulatory environment has also sparked a surge in crypto SPAC activity, reaching over $10 billion in 2025. Hong Kong has been relatively hot this year for listings as well. Other companies like HashKey Holdings cleared the Hong Kong Stock Exchange’s listing hearing on December 1 and could raise up to $500 million. The Thailand-based exchange Bitkub is planning to raise $200 million in a Hong Kong IPO as early as 2026 after initially abandoning its plans for a domestic listing due to weak market conditions in Thailand. The pace of crypto listings has accelerated this year, though some companies have delayed their plans following a massive digital asset selloff. First Digital continues to fight on legal fronts FDUSD is a stablecoin issued by First Digital with roughly $920 million in market circulation, down significantly from about $4.4 billion at its peak in April 2024. The company also manages reserves as a fiduciary for TrueUSD, a stablecoin operated by Techteryx. At a press conference reported by Cryptopolitan in late November, Justin Sun, the founder of the Tron blockchain and an adviser to Techteryx, accused First Digital Trust of rerouting TrueUSD reserves offshore and fabricating transaction documents to hide the transfers. A Dubai court issued a worldwide freezing order covering $456 million in assets tied to the disputed reserves. First Digital has so far denied the allegations and filed a defamation claim against Sun. In a November social media post, the company called Sun’s allegations baseless. The dispute is about whether or not First Digital was authorized to transfer TrueUSD reserve assets into illiquid vehicles managed by Aria Commodities, a Dubai-based trade finance firm. Sun claims he put up about $500 million of his own money to cover an alleged liquidity shortfall in TrueUSD. He has urged Hong Kong regulators to intervene and strengthen the supervision of trust companies. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

FDUSD Issuer First Digital Group to Go Public Through SPAC Merger, Bloomberg Reports

The combined value of dollar-linked stablecoins has crossed $301 billion for the first time, according to DeFiLlama’s live dashboard. That is up about 2% over the past week and 6.5% in the last 30 days as trading and DeFi activity increased across multiple chains. Tether’s USDT r...

PayPal is about to make crypto transfers in the US easier with one-time payment links for Bitcoin, Ethereum, PYUSD, and other tokens. Users will be [...]

Federal Reserve Governor Christopher Waller has urged key personalities within the U.S. financial space to approach DeFi and crypto without fear. Waller believes that the digital assets are here to stay and will continue to drive advancement in the U.S. payments system. In Brief ...

First Digital USD live on TON Blockchain, enhancing stablecoin adoption and liquidity. Read original article on kanalcoin.com

In an interview, Input Output CEO Charles Hoskinson declared that Cardano’s long-running efforts to bring DeFi functionality to Bitcoin are no longer theoretical. Speaking with Crypto Megan, Hoskinson laid out the architecture, live integrations, and strategic rationale for what he described as a “multi-trillion dollar opportunity” to merge Bitcoin’s liquidity with Cardano’s programmability. “This is not the beginning,” Hoskinson said, “but it’s the midpoint of a very long conversation about how does Bitcoin achieve programmability.” What began years ago with experiments like Colored Coins and Mastercoin has now matured, he argued, into real interoperability between Bitcoin and other smart contract systems—driven by breakthroughs like Taproot, BitVMX, and an expanding partner ecosystem. Cardano Tech Goes Live on Bitcoin Mainnet One of the most striking announcements came when Hoskinson confirmed that live transactions are already flowing between Bitcoin mainnet and Cardano mainnet. “We had demonstrated transaction between Bitcoin mainnet and Cardano mainnet where an ordinal was able to move back and forth,” he said. “It really proves not only the concept but it proves it at scale.” Cardano’s role in this emerging stack, according to Hoskinson, is to serve as the computational layer to Bitcoin’s value and security layer. “Bitcoin is a very secure audit layer… Cardano is an amazing computation layer. And when you pull these two pieces together and have a little toggle to go back and forth, we can allow a seamless experience,” he said. This toggle—a major part of the user experience innovation—is designed to abstract away complexity for end users. “You have a switch, and you push the switch and it says DeFi mode,” Hoskinson explained. “No mention of another network, no mention of other things… All your transactions you pay fees in Bitcoin and all your returns you get back in Bitcoin.” From a design philosophy standpoint, Hoskinson emphasized the importance of staying true to Bitcoin’s cultural and ideological core. He identified three rules that define legitimate Bitcoin DeFi: it must use Bitcoin for security, Bitcoin for fees, and return yield in Bitcoin. “Unless and until you’re able to present that experience, you’re kind of dead in the water philosophically, culturally, and technologically,” he said. For years, this was an unsolved problem. Now, according to Hoskinson, it isn’t. The infrastructure stack, he said, is maturing rapidly thanks to contributions from Cardano-aligned partners like Fairgate, Sundial, and the Lace Wallet team. The toggle switch was first showcased during this year’s Bitcoin conference, and is already live in the Lace desktop wallet. Hoskinson also revealed that Cardano’s development environment is being reused on Bitcoin via BitVMX. “We showcased… is there a path where Cardano programming language can be used to write Bitcoin script?” he asked rhetorically, before answering with live demos that included tools across both chains. He emphasized that the model builds on Cardano’s foundational similarities with Bitcoin , from its UTXO model to its native assets system. “It just has all the things you always wished Bitcoin had,” he said, “but if you’re a Bitcoin developer, you’ll instantly get how Cardano manages.” That compatibility extends to Cardano’s Babel fees mechanism, which enables users to pay transaction costs in currencies other than ADA—including Bitcoin. “So just like when a tourist goes to France and they pay with dollars and don’t even realize they’re spending euros… under the hood, there’s ADA being transacted, but the user doesn’t see it.” Hoskinson also revealed ambitions for a Bitcoin-backed algorithmic stablecoin, building on Cardano’s experience with Jed and his early work with BitShares. “I’d love to do a Bitcoin-backed algorithmic stablecoin. That would be incredible. It’s almost like the Bretton Woods agreement—you have gold-backed money, now you have Bitcoin-backed money.” On the adoption curve, he believes the combination of user experience improvements, reduced fees, and clear trade-off control is critical. “You don’t pick the security model for the user—you let them decide,” he said, describing a UX layer where Bitcoin maximalists can toggle to a purist configuration, while others may prefer lower fees and faster throughput. Hoskinson framed the entire initiative as part of a broader shift toward pragmatic cross-chain cooperation in crypto. “Bitcoin and Cardano kind of make each other better,” he said. “This is the changing of the ways in crypto. We’ve kind of buried the hatchet.” And the scale is massive . “It’s four times larger than the market cap of Solana and Ethereum combined,” Hoskinson claimed. “Bitcoin at this juncture, especially with the bull market coming, has almost unlimited liquidity. So it’s the ecosystem that really needs this.” While Cardano has long pushed for this integration, Hoskinson made clear that the leap from vision to mainnet deployment changes everything. Cardano’s Bitcoin DeFi roadmap is no longer just theoretical—it’s alive, on-chain, and ready to scale. At press time, Cardano traded at $0.7598.