Binance, the world’s largest cryptocurrency exchange, is launching bitcoin (BTC) and ether (ETH) trading with the First Digital FDUSD stablecoin with zero fees starting tomorrow.

Specifically, as part of Binance’s campaign, all trading fees will be waived for BTC/FDUSD and ETH/FDUSD will have 0% fees until further notice.

The listing comes as Binance seeks to diversify trading volumes between stable coin pairs after New York State regulators forced BUSD issuer Paxos to stop issuing stable coins in February this year.

Following this, Binance incentivized TrueUSD (TUSD) trading by eliminating fees. Following this, TUSD’s trading volume increased dramatically and its market capitalization rose to nearly $3 billion.

On July 26, Binance listed FDUSD with zero trading fee for converting the token to other stable coins, including USDT and TUSD, indicating that the promotion would apply to all existing and new FDUSD trading pairs.

The FDUSD Stablecoin is issued by a registered trust owned by First Digital in accordance with Hong Kong’s digital asset regulations.