At the end of April, Binance made yet another change to its spot fee tiering. Binance notably ended its "zero trading fee" promotion for several pairs.

We have talked about Binance and FDUSD in the past, as Binance seemed to relist the stablecoin in an attempt to replace BUSD after it got shut down. To drum up excitement for the stablecoin, which it previously delisted in favor of its own stablecoin, the pairs with FDUSD as their quote asset were initially listed with favorable fee rates. Most notably, BTC/FDUSD was free to trade.

After taker fees were put back on the BTC/TUSD pair, it made BTC/FDUSD the only free way to trade bitcoin on the world’s largest crypto exchange. This helped propel the relatively small stablecoin into the spotlight.

It seems as though in December, Binance …