> open event/sog_ev_fdusd_2023_binance_adoption_context
FDUSD exchange-adoption context during BUSD phase-out
Binance's BUSD phase-out period increased the visibility of alternative stablecoins including FDUSD. SOG records this as exchange-adoption context, not as issuer redemption status.
Impactmedium
Sources1
First Digital USD
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First Digital / FD121
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Depeg guide
Understand how SOG separates depeg events, recovered events, and failed outcomes.
| Date | 2023-08-31 |
|---|---|
| Type | exchange_adoption_context |
| Stablecoin | First Digital USD (FDUSD) |
| Issuer | First Digital / FD121 |
| Impact | medium |
| Status effect | none |
| Recovered | — |
| Recovery date | — |
| Failure / mechanism | exchange_product_rotation |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| Binance gradually ceases support for BUSD products | Binance | exchange_notice |
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