First Digital Trust has launched the First Digital USD (FDUSD) stablecoin, which could potentially be listed on major exchanges.
Binance CEO Changpeng Zhao has responded to the launch, as the exchange is searching for a stablecoin following the US regulator's crackdown on Paxos-issued Binance USD (BUSD) in February.
In response, Zhao has announced that Binance is planning to launch its own stablecoin pegged to the US dollar on the Binance blockchain, which is expected to increase liquidity and provide users with a more stable trading experience.
Hong Kong is introducing a new cryptocurrency regulatory regime on 1 June, with the aim of becoming a leading cryptocurrency hub in the region.
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