Despite FDUSD’s growing supply, primarily driven by activity on Binance, its adoption in the wider cryptocurrency and DeFi sectors is still limited.shows that most FDUSD holdings are concentrated on Binance, with minimal presence in the DeFi space.
“FDUSD has more than 90% of its supply held on Binance with no real presence in DeFi or any onchain applications at this point in time. Nothing really exciting at this point in time yet," Nansen analyst Martin Lee said in a statement shared with The Block. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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