What could affect the price of FDUSD?
FDUSD’s dollar peg is being influenced by growing adoption and regulatory challenges.
- Multi-chain growth – New integrations with TON and Solana blockchains could increase demand (TON Foundation)
- Regulatory oversight – Updates in Hong Kong and BVI compliance help reduce past risks of losing the peg (The Defiant)
- Exchange changes – Binance has removed some FDUSD trading pairs, but institutional minting options help balance this out
Deep Dive
1. Growing use across multiple blockchains (Positive for FDUSD)
Overview: FDUSD recently launched on TON (July 28) and Solana (July 22), allowing Telegram’s 900 million users to easily use the stablecoin. FDUSD now runs on six blockchains, including Arbitrum and Sui since June 2025.
What this means: Each new blockchain connection makes FDUSD more useful for payments and decentralized finance (DeFi). For example, TON’s integration handled $10 billion in transactions during its first month. Historically, stablecoins see a 15-30% increase in total value locked (TVL) when they launch on a new blockchain.
2. Navigating regulatory requirements (Mixed effects)
Overview: Hong Kong’s new stablecoin law, effective August 2025, requires stablecoins to have a 1:1 reserve backing and monthly audits. FDUSD added a licensed issuer in the British Virgin Islands (BVI) on August 15 to meet these rules.
What this means: Recent audits (last on August 20) confirm FDUSD holds $1.08 billion in reserves matching its circulating supply. However, past events like a 10% price drop in April after allegations by Justin Sun show that trust can still be fragile, even with clean audits.
3. Changes in exchange trading (Neutral impact)
Overview: Since June 2025, Binance has removed 8 FDUSD trading pairs but introduced direct minting tools for institutions through First Digital Labs. FDUSD’s daily trading volume remains steady at $3.55 billion, down 60% month-over-month, which is in line with the overall market’s 57% decline in spot volume.
What this means: The removal of trading pairs is part of normal exchange updates, not a sign of specific problems with FDUSD. The bigger question is whether increased use on TON and Solana can make up for the decline in centralized exchange (CEX) trading, as 68% of FDUSD volume still happens on exchanges.
Conclusion
FDUSD’s ability to maintain its dollar peg depends on successfully expanding across multiple blockchains while adapting to new regulations. Although its price has stayed within a narrow range ($0.9972 to $0.9985), the key challenge is whether Telegram’s large user base will adopt FDUSD as a reliable payment method before the next reserve audit.
What are people saying about FDUSD?
FDUSD is steadily progressing as traders focus on blockchain growth and regular market updates. Here’s what’s happening:
- Multi-chain growth – Integrations with TON and Arbitrum blockchains support positive trends in decentralized finance (DeFi).
- Selective delistings – Binance is removing some low-volume FDUSD trading pairs, causing mixed reactions.
- Stable price range – Traders are focusing on the $0.9972 to $0.9992 price range, with strong buying interest at 52.85%.
- Transparency efforts – New audit reports help build trust by addressing previous concerns.
In-Depth Look
1. @FDLabsHQ: FDUSD Launches on TON Blockchain – Positive Outlook
"Native FDUSD now live on @ton_blockchain – high-speed transactions meet Telegram’s 900M users."
– @FDLabsHQ (283K followers · 1.2M impressions · 2025-07-28 11:56 UTC)
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What this means: This is a positive development for FDUSD. TON’s large user base, connected to Telegram, could help FDUSD become more widely used for payments and DeFi applications, moving beyond just trading.
2. @ZeusNetworkHQ: Partnership with Solana’s BTCFi – Positive Impact
"Zeus x FDUSD brings compliant liquidity to Solana’s Bitcoin economy – institutions now have regulated yield avenues."
– @ZeusNetworkHQ (91K followers · 687K impressions · 2025-07-22 15:02 UTC)
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What this means: This partnership is good news for FDUSD. It positions FDUSD as a key part of institutional Bitcoin strategies on Solana, potentially increasing its use in cross-chain financial activities.
3. CoinMarketCap: Binance Delisting Some FDUSD Pairs – Negative for Specific Markets
"Binance to delist MOVE/FDUSD and MANTA/FDUSD margin pairs on August 8, citing liquidity reviews."
– CoinMarketCap News (4.8M monthly readers · 2025-08-04 03:35 UTC)
View article
What this means: This is a negative sign for the specific altcoin pairs being removed, but it doesn’t reflect problems with FDUSD itself. It’s more about Binance managing low-activity markets.
4. @Byreal_TA: FDUSD Price Stability – Positive Signal
"FDUSD holds $0.9972 support with 52.85% buy pressure – ideal for low-risk arbitrage between stable pairs."
– Byreal (CMC Community · 8.9K views · 2025-06-15 14:37 UTC)
View analysis
What this means: This is good news for traders looking for stable, low-risk opportunities. FDUSD shows strong support near $0.9972, indicating steady liquidity and predictable price movements.
Conclusion
Overall, the outlook for FDUSD is cautiously optimistic. Its expansion onto TON and Solana’s BTCFi ecosystem points to growing institutional interest, while Binance’s selective delistings highlight ongoing adjustments in trading pairs. Keep an eye on FDUSD’s circulating supply on Arbitrum and TON through the end of 2025—if it surpasses $200 million on either chain, it could signal FDUSD’s growth beyond being mainly tied to Binance.
What is the latest news about FDUSD?
FDUSD is making strategic moves and facing market changes – here’s the latest update:
- TON Blockchain Integration (July 28, 2025) – FDUSD is now available natively on Telegram’s blockchain, reaching over 900 million users.
- Binance Removes Some Trading Pairs (August 13, 2025) – ANIME/FDUSD and HYPER/FDUSD pairs were removed due to low trading activity, but FDUSD itself remains on Binance.
- Market Value Drops 15.9% (August 2025) – FDUSD’s market cap fell to $2.4 billion, even as the overall stablecoin market grew to $261 billion.
In-Depth Look
1. TON Blockchain Integration (July 28, 2025)
What happened:
FDUSD launched directly on The Open Network (TON), which is Telegram’s own blockchain. This allows users to send FDUSD with low fees and use it in decentralized finance (DeFi) apps inside Telegram. The goal is to tap into Telegram’s huge user base of over 900 million people for payments and other blockchain services.
Why it matters:
This is a positive step for FDUSD because TON’s DeFi activity grew 97% month-over-month to $345 million in July 2025, partly thanks to FDUSD. However, FDUSD still faces strong competition, especially from USDC, which holds 70% of stablecoin liquidity on the Arbitrum network.
(Source: CoinMarketCap)
2. Binance Removes Some Trading Pairs (August 13, 2025)
What happened:
Binance removed the ANIME/FDUSD and HYPER/FDUSD trading pairs because they had low trading volume. FDUSD itself remains listed and actively traded on the exchange. Binance said this was part of their routine review to keep the market healthy.
Why it matters:
This change has a neutral effect on FDUSD. The removed pairs were niche and less active, so it doesn’t reflect on FDUSD’s overall stability. FDUSD still ranks third in daily trading volume among stablecoins, with $7.3 billion traded in 24 hours, behind USDT ($154 billion) and USDC ($61 billion).
(Source: CoinMarketCap)
3. Market Value Drops (August 2025)
What happened:
FDUSD’s market capitalization dropped 15.9% to $2.4 billion in July 2025, even though the stablecoin market as a whole grew by nearly 5% to $261 billion. Ripple’s stablecoin, RLUSD, surpassed FDUSD with a market cap of $687 million.
Why it matters:
This shows some downward pressure on FDUSD due to competition and a more fragmented market. Still, FDUSD’s presence across multiple blockchains like Ethereum, Solana, and Arbitrum, along with its fully audited 1:1 reserves backing, gives it a solid base to bounce back.
(Source: CryptoNews)
Conclusion
FDUSD is counting on Telegram’s massive user base and its availability on multiple blockchains to stay competitive. However, its shrinking market share highlights the need for unique features and use cases. The big question remains: will the TON integration bring enough everyday users to keep FDUSD ahead of competitors like RLUSD?
What is expected in the development of FDUSD?
I wasn’t able to find enough information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so I expect to have the details soon. Meanwhile, please feel free to choose another question or cryptocurrency for analysis.
What updates are there in the FDUSD code base?
FDUSD is growing its reach by integrating with the TON blockchain and improving security measures.
- TON Blockchain Integration (July 28, 2025) – FDUSD is now available natively on Telegram’s Layer-1 blockchain, offering fast and low-cost transactions.
- Arbitrum Mainnet Launch (June 6, 2025) – FDUSD supports Ethereum’s popular Layer-2 network, Arbitrum, for smoother and cheaper transactions.
- Monthly Reserve Attestations (August 20, 2025) – Regular third-party audits increase transparency and trust.
Deep Dive
1. TON Blockchain Integration (July 28, 2025)
Overview: FDUSD has launched directly on TON, Telegram’s blockchain, which has over 900 million users. This means people can now use FDUSD easily within Telegram’s wallets like @wallet_tg and @Tonkeeper.
TON’s blockchain is known for being fast and inexpensive, so users can send and receive FDUSD quickly without high fees. Institutions can also create FDUSD tokens on TON through First Digital’s fiat gateway. This setup removes the need for complicated “bridging” between blockchains, reducing risks and supporting decentralized finance (DeFi) activities like lending, borrowing, and international payments on TON.
What this means: This is a positive development for FDUSD because it connects the stablecoin to a huge user base on Telegram, making it more practical for everyday payments and DeFi services. (Source)
2. Arbitrum Mainnet Launch (June 6, 2025)
Overview: FDUSD has also launched on Arbitrum, a Layer-2 network built on Ethereum that helps solve Ethereum’s slow and costly transactions.
With FDUSD on Arbitrum, users can enjoy very low fees (less than a cent) and almost instant transaction times. This is especially useful for institutions using DeFi. Liquidity is available through the Camelot decentralized exchange (DEX), and users can mint FDUSD directly without needing to convert or transfer tokens between blockchains.
What this means: This move is neutral for FDUSD because it fits into their multi-chain approach but faces stiff competition from other stablecoins like USDC and USDT on Arbitrum. Still, it improves FDUSD’s usefulness for remittances and trading. (Source)
3. Monthly Reserve Attestations (August 20, 2025)
Overview: First Digital has published updated reports confirming that every FDUSD token is backed 1:1 by U.S. Treasuries and cash.
These audits, conducted by a Big Four accounting firm and shared via X, come after concerns about FDUSD’s solvency in April 2025, which briefly caused the stablecoin to lose its peg. The reserves now include a diversified mix held by regulated custodians.
What this means: This is good news for FDUSD because it helps restore trust after the earlier doubts, which is essential for maintaining its spot as the third-largest fiat-backed stablecoin.
Conclusion
FDUSD’s recent updates show a clear focus on working across multiple blockchains (TON and Arbitrum) and increasing transparency. While these technical improvements aim to capture more users in DeFi and payments, FDUSD still faces strong competition from bigger stablecoins like USDT and USDC. The key question is how FDUSD will set itself apart in its multi-chain strategy to keep liquidity and grow against these larger rivals.