Binance Launches FDUSD, Following the Introduction of New ‘Tags’

• Binance declared the launch of Seed Tags and Monitoring Tags designed for highly volatile and risky tokens.
• The exchange also announced the inclusion of a new stablecoin First Digital USD (FDUSD) on the platform.
• In addition, the crypto platform introduced a zero-maker fee promotion for FDUSD trading pairs.

Binance, the prominent cryptocurrency exchange, recently introduced Seed Tags and Monitoring Tags, targeting highly volatile and risky tokens. In a subsequent announcement, the exchange also proclaimed the inclusion of the new stablecoin First Digital USD (FDUSD) on the platform, inviting customers to deposit the asset.

In the early hours of June 26, Binance released an official statement declaring the launch of Seed Tags and Monitoring Tags to ease differentiating between tokens listed in the Innovation Zone and Main Trading Zone. While the Seed Tag would replace the Innovation Zone, the Monitoring Tag would be applied to certain highly volatile tokens including Akropolis (AKRO), AirDAO (AMB), Cream Finance (CREAM), FTX Token (FTT), and Ark (ARK).

As per the announcement, customers could access the tokens marked with Seed Tag or Monitoring Tag only aft…

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