Data: The supply of FDUSD has increased by 51% in the past 30 days, with a market value close to 394 million USD

ChainCatcher news, according to Nansen data, the supply of First Digital USD (FDUSD) stablecoin has increased by 51% in the past 30 days, with a market capitalization close to $394 million.

According to data from CoinGecko, based on this market capitalization, FDUSD is currently the eleventh largest USD stablecoin by market cap.

Nansen analyst Martin Lee stated that over 90% of the supply of FDUSD is on the Binance platform, and there are currently no real use cases in DeFi or any on-chain applications, so there isn't anything truly exciting at the moment.