fdusd de-peggging活動突出了穩定的固有風險

加密貨幣市場對Stablecoin的波動並不陌生，最新一集涉及第一次數字美元（FDUSD）

In the ever-evolving landscape of cryptocurrencies, stablecoins have taken center stage as traders and investors seek haven from the inherent volatility of digital assets. However, even stablecoins, which are designed to maintain a 1:1 peg to fiat currencies, have not been immune from periods of instability.

在不斷發展的加密貨幣景觀中，隨著貿易商和投資者尋求天堂避免數字資產的固有波動，Stablecoins已成為中心舞台。但是，即使是旨在維持1：1釘到法定貨幣的穩態，也無法免疫不穩定時期。

The cryptocurrency market has been no stranger to stablecoin volatility, and the latest episode involving First Digital USD (FDUSD) on Binance has once again highlighted the inherent risks in this sector. On March 31, 2025, FDUSD, a relatively new stablecoin issued by First Digital Group and primarily traded on Binance, temporarily lost its 1:1 peg to the U.S. dollar before recovering.

加密貨幣市場對Stablecoin的波動並不陌生，涉及Binance的第一筆數字美元（FDUSD）的最新一集再次強調了該行業的固有風險。 2025年3月31日，FDUSD是First Digital Group發行的相對較新的Stablecoin，主要以Binance交易，在恢復之前暫時損失了其1：1釘到美元。

This brief de-pegging event sparked concerns among traders and investors, reigniting discussions about liquidity, trust, and the stability of emerging stablecoins.

這項簡短的脫節活動引發了交易者和投資者的關注，重新激發了有關流動性，信任和新興穩定穩定性的討論。

To the surprise of many, FDUSD momentarily dipped below the $1.00 mark, a rare occurrence that usually signals a significant market event. This temporary loss of parity with the U.S. dollar was not due to insufficient reserves but rather a liquidity crunch that resulted in price slippage on Binance, the primary trading venue for FDUSD.

令許多人感到驚訝的是，FDUSD暫時下降到1.00美元以下，這是罕見的情況，通常標誌著重大市場事件。與美元的暫時損失並不是由於儲備金不足，而是流動性緊縮導致Binance的價格滑倒，Binance是FDUSD的主要交易場所。

As the flagship cryptocurrency exchange, Binance is known for introducing new tokens and facilitating their initial trading activity. In the case of FDUSD, Binance’s role was crucial for the stablecoin’s launch and adoption within the broader crypto community.

作為旗艦加密貨幣交易所，Binance以引入新的代幣和促進其初始交易活動而聞名。就FDUSD而言，Binance的作用對於Stablecoin在更廣泛的加密社區內的發射和採用至關重要。

However, this close association also meant that any liquidity issues on Binance would have a direct impact on FDUSD, especially during times of heightened market volatility.

但是，這種緊密的協會還意味著，關於二進制的任何流動性問題都會直接影響FDUSD，尤其是在市場波動越來越高。

According to Binance, the event unfolded as follows:

根據Binance的說法，該事件的展開如下：

Following a period of heightened market volatility, several cryptocurrency traders reportedly encountered difficulties selling FDUSD on Binance despite sufficient available liquidity.

在一段時間的市場波動率提高之後，據報導，幾家加密貨幣交易員遇到了造成FDUSD的困難，儘管有足夠的可用流動性。

This unusual occurrence led to a slight de-pegging of FDUSD from its 1:1 peg with the U.S. dollar.

這種不尋常的發生導致FDUSD從1：1釘上以美元的價格進行了略微脫落。

Despite the de-pegging, First Digital Group, the issuer of FDUSD, confirmed that the stablecoin remains fully backed by cash and cash equivalents, in accordance with its stated policy.

儘管有脫木，但FDUSD的發行人第一數字集團確認，根據其既定的政策，Stablecoin仍然充分支持現金和現金當量的支持。

Moreover, First Digital Group actively manages multiple stablecoin issuers and closely monitors their operations to ensure optimal performance and maintain the stability of its digital assets.

此外，第一個數字集團會積極管理多個Stablecoin發行人，並密切監視其運營，以確保最佳性能並保持其數字資產的穩定性。

In response to the de-pegging incident, Binance issued an official statement to users, clarifying the situation and outlining the steps taken to mitigate the issue.

為了回應De-Peggging事件，Binance向用戶發表了官方聲明，澄清情況並概述了緩解問題所採取的步驟。

In its statement, Binance confirmed that FDUSD reserves are fully backed and the deviation from the 1:1 peg was due to market liquidity fluctuations, not a fundamental problem with the stablecoin’s collateralization.

Binance在其聲明中確認，FDUSD儲備是完全支持的，並且偏離1：1 PEG是由於市場流動性波動所致，這不是Stablecoin的抵押品的根本問題。

To prevent similar occurrences in the future, Binance also announced a series of measures:

為了防止將來類似的事件，二元人還宣布了一系列措施：

Binance will be increasing liquidity for FDUSD to ensureスムーズな売買処理と、投資家のタイムリーな資金へのアクセスを促進します。

Binance將增加FDUSD的流動性，以確保及時獲得投資者資金的及時交易和促進。

The exchange will continue to monitor market conditions closely and adjust its strategies accordingly to maintain a stable trading environment for all users.

該交易所將繼續密切監視市場狀況，並相應地調整其策略，以維持所有用戶的穩定交易環境。

Furthermore, Binance will keep the broader crypto community informed of any significant developments or changes in its operations.

此外，Binance將使更廣泛的加密貨幣社區了解其運營的任何重大發展或變化。

“The recent market volatility led to a temporary liquidity crunch for First Digital USD (FDUSD) on Binance, resulting in a slight de-pegging of the stablecoin from its 1:1 peg with the U.S. dollar,” a spokesperson for Binance said in a statement on March 31.

Binance在3月31日的一份聲明中說：“最近的市場波動導致了Binance的第一筆數字美元（FDUSD）的臨時流動性緊縮，從而使Stablecoin從1：1釘上以美元的價格進行了略微挑戰。”

“Despite this de-pegging, we want to assure users that FDUSD remains fully backed by reserves held in cash and cash equivalents.”

“儘管進行了這種方式，我們還是想向用戶保證，FDUSD仍然完全支持現金和現金等價物的儲備。”

The spokesperson added that the incident was purely a liquidity issue, not a structural problem with FDUSD’s collateralization.

發言人補充說，這一事件純粹是一個流動性問題，而不是FDUSD抵押品的結構性問題。

“As the primary exchange listing FDUSD, Binance takes full responsibility for ensuring sufficient liquidity for the token,” the spokesperson said.

發言人說：“作為主要的交易所上市，二手股負責確保令牌足夠的流動性。”

“In times of heightened volatility, it is crucial to have deep liquidity to prevent any significant slippage in the token price.”

“在波動率高時，至關重要的是要有深厚的流動性，以防止令牌價格上的任何重大滑倒。”

To this end, Binance is introducing additional measures to strengthen FDUSD’s liquidity profile and maintain optimal trading conditions.

為此，Binance正在採取其他措施來加強FDUSD的流動性並保持最佳交易條件。

These measures include increasing the exchange’s own capital contributions to designated liquidity pools for FDUSD and exploring partnerships with other market makers to enhance overall market depth.

這些措施包括增加交易所自身對FDUSD的指定流動性池的資本貢獻，並與其他做市商探索合作夥伴關係，以增強整體市場深度。

Since FDUSD’s launch, Binance has offered zero-fee trading pairs for the stablecoin to encourage usage and integration into various trading strategies.

自FDUSD推出以來，Binance為Stablecoin提供了零費用交易對，以鼓勵使用和集成到各種交易策略中。

However, the recent de-pegging incident highlights how heavily FDUSD’s stability relies on Binance’s commitment to competitive pricing and efficient liquidity management practices.

但是，最近的脫釘事件強調了FDUSD的穩定性如何依賴於Binance對競爭性定價和有效的流動性管理實踐的承諾。

Despite the de-pegging, which occurred as a result of a confluence of market events, Binance remains dedicated to ensuring FDUSD’s long-term stability and mitigating any risks associated with its reliance on a single exchange.

儘管由於市場事件的匯合而發生的脫釘是造成的，但Binance仍然致力於確保FDUSD的長期穩定性並減輕與單一交易所相關的任何風險。

Moving forward, Binance will continue to assess and adjust its strategies to provide the best possible trading experience for users operating within the rapidly evolving cryptocurrency market.

展望未來，Binance將繼續評估和調整其策略，以為在快速發展的加密貨幣市場中運營的用戶提供最佳的交易體驗。

While FDUSD’s de-pegging was brief and did not result in any long-term damage, it does highlight

雖然Fdusd的De-peggging簡短，並且沒有造成任何長期損害，但確實突出了