Binance, the world's largest cryptocurrency exchange, has announced the expansion of trading support for Ripple's XRP with the addition of the XRP/FDUSD trading pair. This comes alongside the introduction of multiple pairs for various cryptocurrencies, including DOGE/FDUSD and SOL/FDUSD. Trading for these pairs will commence at 2023-09-07 08:00 (UTC), with users able to trade without fees until further notice.

FDUSD is a reserve-backed stablecoin issued by a subsidiary of Hong Kong-based financial firm First Digital Limited. Launched in June 2023 on Ethereum and the BNB Chain, FDUSD provides an "attestation of reserve" report audited by independent specialists to confirm its complete backing and equivalent value. Plans are in place for the stablecoin to be issued on other networks as well.