FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August

Recent information indicates that the marketplace capitalization of the recently introduced stablecoin, archetypal integer usd (FDUSD), is approaching the $1 cardinal threshold. This growth, a 253% summation successful supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands astatine 921 million.

FDUSD’s Market Value Climbs Toward $1 Billion successful Just 120 Days

Since its inception, FDUSD’s market value is connected the brink of reaching $1 billion, having expanded its proviso by a important 253% implicit the past 120 days from August 4, 2023. To date, the issuer of FDUSD has released 3 attestations, with the latest monthly report concluding successful October. As of December 2, 2023, the circulation of archetypal integer usd (FDUSD) stands astatine astir 921,272,192 tokens.

Of the 921 cardinal FDUSD successful existence, a specified 224 holders person the stablecoin, which has been transacted onchain lone 1,471 times. Dominating the FDUSD landscape, Binance holds the apical 3 addresses. The starring code unsocial accounts for a staggering 90.96% of FDUSD’s full supply. Following closely, Binance‘s 2nd wallet contains 7.65% of the circulating FDUSD. The 3rd wallet, besides nether Binance’s control, holds 0.81%.

Wintermute owns the fourth-largest FDUSD wallet, comprising 0.16% of the full supply, equivalent to 1,502,179 FDUSD. The fifth-largest wallet, whose proprietor remains unidentified, controls 999,998 FDUSD, oregon 0.10% of the supply. Collectively, the top 100 holders ain 921,269,821.68 FDUSD tokens, astir the full circulation.

FDUSD’s rising prominence has positioned it arsenic the sixth-largest USD-pegged token by marketplace capitalization. While it intimately trails down BUSD, TUSD, and DAI, FDUSD is considerably smaller compared to giants similar USDC and USDT. However, it boasts a larger proviso than newer entrants similar Paypal’s PYUSD, Tron’s USDD, and Gemini’s GUSD stablecoin.

What are your thoughts astir FDUSD’s maturation implicit the past 120 days? Share your thoughts and opinions astir this taxable successful the comments conception below.