Binance Extends Support for XRP with New FDUSD Trading Pair

·

Binance, the world’s leading cryptocurrency exchange by 24-hour trading volume, has taken a significant step in expanding its support for XRP. In a recent announcement, the platform revealed the addition of a new trading pair: XRP/FDUSD. This move not only enhances trading flexibility for users but also highlights the growing integration of emerging stablecoins within major exchange ecosystems.

The XRP/FDUSD trading pair officially went live on September 7, 2023, at 08:00 UTC, marking a strategic development in Binance’s ongoing efforts to diversify its asset offerings and improve market liquidity for one of the most widely traded altcoins.

👉 Discover how top exchanges are reshaping crypto trading with innovative stablecoin pairs.

What Is FDUSD? A Rising Stablecoin Contender

First Digital USD (FDUSD) is a relatively new entrant in the stablecoin space, launched in June by a subsidiary of First Digital, a Hong Kong-based digital asset custodian. Designed as a dollar-pegged stablecoin, FDUSD is fully backed by cash and cash equivalents, ensuring price stability and trust among users.

Currently, FDUSD operates on two major blockchain networks: Ethereum and BNB Chain. However, plans are underway to expand its availability across additional blockchains, signaling long-term ambitions for broader adoption.

Despite its short lifespan, FDUSD has quickly climbed the ranks to become the 11th largest stablecoin globally, boasting a market capitalization of over $393.7 million, according to CoinGecko data. Its rapid ascent reflects growing confidence from institutions and retail investors alike.

With Binance now integrating FDUSD into key trading pairs—including XRP—the stablecoin’s valuation and usage are expected to see substantial growth in the coming weeks.

Expanded Trading Pairs Enhance Market Accessibility

Beyond XRP, Binance has also introduced FDUSD pairings with other prominent cryptocurrencies:

These new trading options became available on the same day as XRP/FDUSD, further solidifying FDUSD’s position within Binance’s ecosystem.

Additionally, Binance launched two Turkish Lira (TRY)-based pairs: TOMO/TRY and UNFI/TRY, although these do not benefit from the same fee incentives as the FDUSD pairs.

One of the most attractive features for traders is that Binance is offering zero maker fees on all newly added FDUSD trading pairs. This incentive lowers entry barriers for liquidity providers and encourages increased trading activity—especially beneficial during periods of market volatility.

Binance Now Hosts 14 Spot Trading Pairs for XRP

The inclusion of XRP/FDUSD brings the total number of XRP spot trading pairs on Binance to 14, reinforcing the platform’s status as a primary hub for XRP trading. Some of the most actively traded pairs include:

This wide array of pairing options allows traders to navigate between fiat-pegged stablecoins, major cryptocurrencies, and even native exchange tokens—offering unmatched flexibility in portfolio management and arbitrage opportunities.

👉 See how diversified trading pairs can boost your crypto strategy on leading platforms.

Rising Demand for XRP on Binance

This expansion comes amid increasing demand for XRP on Binance. Recent data showed a surge in buying pressure, with Binance recording the second-highest XRP accumulation volume last month—only behind U.S.-based exchange Coinbase.

Despite broader market selling pressures affecting many altcoins, XRP has maintained strong investor interest. At the time of writing, XRP was trading at approximately $0.503, reflecting a minor dip of 0.4% over the past 24 hours.

Market analysts suggest that continued exchange support—especially through new stablecoin integrations—could act as a catalyst for future price momentum, particularly if regulatory clarity improves in key jurisdictions.

Core Keywords:

Frequently Asked Questions (FAQ)

Q: What is the XRP/FDUSD trading pair?
A: The XRP/FDUSD pair allows users to trade Ripple’s native cryptocurrency (XRP) against First Digital USD (FDUSD), a dollar-pegged stablecoin launched by a Hong Kong-based custodian firm. It provides an alternative to traditional stablecoins like USDT or BUSD.

Q: When did the XRP/FDUSD pair go live on Binance?
A: Trading for XRP/FDUSD officially began on September 7, 2023, at 08:00 UTC.

Q: Is FDUSD a reliable stablecoin?
A: Yes. FDUSD is backed 1:1 by cash and cash equivalents and is issued by a subsidiary of First Digital, a regulated custodian. It currently operates on Ethereum and BNB Chain, with plans for multi-chain expansion.

Q: Are there any trading fees for the new FDUSD pairs?
A: Binance has waived maker fees for all new FDUSD trading pairs, including XRP/FDUSD, SOL/FDUSD, and DOGE/FDUSD. Taker fees still apply based on standard fee tiers.

Q: How many XRP trading pairs does Binance offer now?
A: With the addition of XRP/FDUSD, Binance now supports 14 spot trading pairs for XRP, making it one of the most accessible exchanges for XRP traders worldwide.

Q: Why is Binance adding more stablecoin pairs?
A: Integrating new stablecoins like FDUSD helps diversify liquidity sources, reduce reliance on dominant stablecoins (e.g., USDT), and offer users more flexible trading options—especially important during market volatility or regulatory shifts.

The addition of the XRP/FDUSD pair underscores Binance’s commitment to innovation and user-centric infrastructure development. As stablecoins continue to evolve beyond mere transactional tools into core components of DeFi and exchange ecosystems, such integrations signal a maturing crypto market.

For traders and long-term holders alike, this update offers enhanced utility and accessibility—key drivers in shaping the next phase of digital asset adoption.

👉 Stay ahead in crypto with real-time trading tools and diverse asset options.