What could affect the price of FDUSD?
FDUSD’s stability is facing some challenges, even though it’s pegged to the US dollar.
- Regulatory changes – Federal Reserve interest rate cuts have reduced earnings for FDUSD’s reserve funds, making it harder to stay profitable.
- New partnerships – FDUSD’s launch on the TON blockchain aims to tap into Telegram’s 900 million users to grow its usage.
- Competition on Binance – USDC’s growing volume on Binance is cutting into FDUSD’s market share, which currently holds 23% of stablecoin trading volume there.
Deep Dive
1. Reserve Yield Pressures (Negative Impact)
What happened:
In September 2025, the Federal Reserve lowered interest rates, which cut about $500 million in yearly revenue for stablecoin issuers like FDUSD. Since FDUSD’s reserves are mainly in Treasury bills and cash-like assets, these lower rates mean less income from those holdings.
Why it matters:
With less interest income, FDUSD might find it harder to cover operating costs, though its 1:1 dollar backing keeps the peg stable for now. Some traders might look for alternatives that offer higher returns, such as Ethena’s USDe, which currently offers a 9.79% annual yield, potentially reducing demand for FDUSD.
2. TON Blockchain Integration (Positive Impact)
What happened:
In July 2025, FDUSD launched on the TON blockchain (announcement), which is connected to Telegram’s massive user base of 900 million people. This integration allows for cheaper money transfers and decentralized finance (DeFi) activities within the Telegram ecosystem.
Why it matters:
Being part of a fast-growing network like TON could increase how much FDUSD is used and traded. Past examples, like USDC’s expansion onto the Solana blockchain, show that adding new blockchains often helps stablecoins grow their market value. However, how quickly users adopt FDUSD on TON will be key.
3. Binance Volume Erosion (Mixed Impact)
What happened:
FDUSD’s share of stablecoin trading volume on Binance dropped to 8.86% in September 2025, while USDC’s share rose to 16.3% (source). Binance also removed FDUSD margin trading pairs like TNSR/FDUSD, which limits trading options.
Why it matters:
Lower trading volume can increase price slippage when large amounts of FDUSD are bought or sold, which could challenge its dollar peg. On the upside, FDUSD is available on multiple blockchains like Arbitrum and Solana, so it’s not fully dependent on Binance.
Conclusion
FDUSD’s ability to stay stable depends on balancing lower earnings from reserves with growing demand from new users and blockchains. While the TON blockchain integration offers promising growth opportunities, regulatory changes and competition on major exchanges like Binance create risks. The key question is: Can FDUSD make up for Binance’s volume loss through organic growth on emerging blockchains? Keep an eye on reserve reports and transaction data on TON for early signs.
What are people saying about FDUSD?
FDUSD is navigating steady growth alongside changes in exchange listings. Here’s what’s happening now:
- Blockchain expansion – Deployments on multiple blockchains are boosting decentralized finance (DeFi) use cases
- Exchange delistings – Binance and Gate.io are removing low-volume trading pairs, but FDUSD remains unaffected
- Transparency efforts – Monthly audits help build trust and address concerns
In-Depth Look
1. @ZeusNetworkHQ: Solana’s BTCFi gets a boost from FDUSD 🚀 positive outlook
"With $FDUSD, Solana now has transparent, regulated stablecoin liquidity for zBTC swaps and lending markets"
– @ZeusNetworkHQ (89K followers · 412K impressions · 2025-07-22 15:02 UTC)
View original post
What this means: This is good news for FDUSD. It’s becoming a key part of Solana’s Bitcoin-focused DeFi services, which could increase demand as investors use FDUSD for lending and trading across different blockchains.
2. @FDLabsHQ: FDUSD integration on TON blockchain expands Telegram’s reach 🌐 mixed signals
"Native $FDUSD on @ton_blockchain enables low-cost transactions for Telegram’s 900M+ users"
– @FDLabsHQ (217K followers · 1.2M impressions · 2025-07-28 11:56 UTC)
View original post
What this means: This is somewhat positive. Adding FDUSD to the TON blockchain makes it easier and cheaper for Telegram’s huge user base to transact. However, FDUSD faces strong competition from USDT, which is already widely used in Telegram’s ecosystem. Success depends on how many TON-based apps adopt FDUSD.
3. CoinMarketCap Community: Exchange trading pairs removed 🗑️ short-term negative
"Binance delists DOGS/FDUSD & PEOPLE/FDUSD margin pairs on Aug 8, citing liquidity reviews"
– BitcoinWorld via CMC (4.3M monthly readers · 2025-08-04)
View article
What this means: This is a short-term setback. Fewer trading pairs might reduce FDUSD’s use for trading smaller cryptocurrencies. However, FDUSD is still available for regular spot trading, so its core utility remains intact.
Conclusion
Overall, the outlook for FDUSD is cautiously optimistic. Its strategy to expand across multiple blockchains and form institutional partnerships helps balance out the impact of exchange delistings. Keep an eye on FDUSD’s growth in Solana and Arbitrum DeFi platforms through the end of 2025. If FDUSD captures more than 5% of total value locked (TVL) on either blockchain, it could indicate strong adoption ahead.
What is the latest news about FDUSD?
FDUSD is making strategic moves and adapting to changes in cryptocurrency exchanges as more people use stablecoins. Here’s the latest update:
- TON Blockchain Integration (July 28, 2025) – FDUSD is now available on Telegram’s TON blockchain, reaching over 900 million users.
- Binance Removes FDUSD Trading Pairs (July 23, 2025) – Some FDUSD trading pairs were taken off Binance due to low trading activity.
- Expansion to Arbitrum (June 6, 2025) – FDUSD is now part of Ethereum’s Layer-2 network, Arbitrum, improving decentralized finance (DeFi) options.
In-Depth Look
1. TON Blockchain Integration (July 28, 2025)
What Happened?
FDUSD launched on The Open Network (TON), which is Telegram’s own blockchain. This allows users to send FDUSD with low fees and use it within Telegram’s growing ecosystem. With this, FDUSD is now available on six blockchains: Ethereum, BNB Chain, Solana, Sui, Arbitrum, and TON. This move taps into Telegram’s huge user base for payments and liquidity.
Why It Matters
This is a positive step for FDUSD because being on TON could make it the go-to stablecoin for Telegram’s Web3 projects. However, since TON is new for FDUSD, there might be some short-term ups and downs in trading as more people start using it. (TON Blockchain)
2. Binance Removes FDUSD Trading Pairs (July 23, 2025)
What Happened?
Binance, one of the largest cryptocurrency exchanges, removed the GPS/FDUSD and HIVE/FDUSD trading pairs because they didn’t have enough trading volume. FDUSD itself is still supported on Binance. Similar removals, like TNSR/FDUSD earlier in July, show Binance is focusing on keeping active and liquid markets.
Why It Matters
This change doesn’t hurt FDUSD much since it mainly affects less popular coins paired with FDUSD, not FDUSD itself. Traders should keep an eye on how FDUSD performs in the remaining trading pairs, where it still holds a significant share (8.86% of Binance’s stablecoin trading volume as of September 2025). (Urgent Binance Delisting Alert)
3. Expansion to Arbitrum (June 6, 2025)
What Happened?
FDUSD launched on Arbitrum, which is a Layer-2 network built on Ethereum. This helps improve DeFi activities by making transactions faster and cheaper. The integration also supports easier cross-chain transactions and allows institutions to mint FDUSD more efficiently. Camelot DEX is the main platform providing liquidity for FDUSD on Arbitrum.
Why It Matters
This is a strong move for FDUSD’s use in DeFi because Arbitrum has over $3 billion in total value locked (TVL), showing a lot of activity and growth potential. However, FDUSD will face competition from other popular stablecoins like USDC and USDT on Arbitrum. (The Defiant)
Conclusion
FDUSD is focusing on expanding its presence across multiple blockchains and leveraging Telegram’s large user base. At the same time, changes in exchange trading pairs highlight the challenges of staying relevant in a competitive market. With pressure on stablecoin earnings due to recent Federal Reserve rate cuts, FDUSD’s moves on TON and Arbitrum will be key to overcoming these challenges.
What is expected in the development of FDUSD?
FDUSD’s plan centers on expanding across multiple blockchains and attracting institutional users.
- Global Issuer Expansion (2025) – Launching a new issuer based in the British Virgin Islands (BVI) to meet more regulatory requirements worldwide.
- TON Ecosystem Growth (Q4 2025) – Building stronger connections with Telegram’s blockchain by adding DeFi features and incentives.
- Multi-Chain Strategy (Ongoing) – Continuing to launch FDUSD on popular blockchain networks to reach more users.
Deep Dive
1. Global Issuer Expansion (2025)
Overview:
In August 2025, FDUSD introduced a new issuer based in the British Virgin Islands. This move helps FDUSD comply with different regulations globally and makes it easier for businesses and institutions to use the stablecoin across borders.
What this means:
This is a positive step for FDUSD because having issuers in different regions can make it more resilient to local regulatory changes and attract large institutional investors. However, there is a risk if regulations vary too much between regions, which could complicate operations.
2. TON Ecosystem Growth (Q4 2025)
Overview:
After launching on the TON blockchain in July 2025, FDUSD plans to deepen its integration with Telegram’s massive user base of over 900 million people. This includes programs that reward users for providing liquidity and partnerships with decentralized finance (DeFi) projects like Tonco.io.
What this means:
This is somewhat positive. While Telegram’s large audience offers a big opportunity for adoption, FDUSD faces strong competition from USDT, which is already widely used on Telegram. Success will depend on providing a smooth user experience and attractive rewards.
3. Multi-Chain Strategy (Ongoing)
Overview:
FDUSD is currently available on six blockchains: Ethereum, BNB Chain, Sui, Solana, Arbitrum, and TON. The team is considering expanding to other networks like Base or Sei to tap into new DeFi markets, though no exact dates have been announced.
What this means:
This is good news for users because it means more options for using FDUSD with lower fees and faster transactions. Traders also benefit from opportunities to buy and sell FDUSD across different blockchains. However, managing reserves across many networks can be challenging.
Conclusion
FDUSD is focusing on growing its regulatory compliance and integrating with popular ecosystems to compete with established stablecoins like USDT and USDC. Its presence on multiple blockchains increases its usefulness, but it still faces challenges in a crowded market. The key question is whether FDUSD’s focus on institutional users and Telegram’s ecosystem will help it gain significant market share.
What updates are there in the FDUSD code base?
FDUSD is expanding its presence across multiple blockchains to improve its usability across different platforms.
- TON Blockchain Integration (July 28, 2025) – FDUSD is now available natively on Telegram’s TON blockchain, enabling low-cost payments.
- Arbitrum Mainnet Launch (June 6, 2025) – FDUSD supports Ethereum’s Layer-2 solution Arbitrum, improving scalability for decentralized finance (DeFi).
- Solana Integration (January 15, 2025) – FDUSD is live on Solana, taking advantage of fast transactions and DeFi opportunities.
Detailed Overview
1. TON Blockchain Integration (July 28, 2025)
What happened: FDUSD was launched directly on The Open Network (TON), the blockchain behind Telegram, which has over 900 million users worldwide. This allows users to send FDUSD through Telegram wallets like @wallet_tg with almost instant transaction times and very low fees.
First Digital partnered with the TON Foundation to boost liquidity for decentralized applications, focusing on use cases like sending money internationally and small everyday payments.
Why it matters: This is a positive development for FDUSD because it taps into Telegram’s huge user base, making it easier for people to use stablecoins in everyday life. The smoother peer-to-peer transactions could increase demand for FDUSD. (Source)
2. Arbitrum Mainnet Launch (June 6, 2025)
What happened: FDUSD was deployed natively on Arbitrum, a popular Layer-2 scaling solution for Ethereum. This helps reduce high transaction fees and network congestion common on Ethereum’s main network.
By launching directly on Arbitrum, FDUSD avoids the risks involved with moving tokens between blockchains (called bridging). Users can trade FDUSD on decentralized exchanges like Camelot, and institutions can mint FDUSD through First Digital’s on-chain platform.
Why it matters: This move is neutral overall but aligns with the industry trend of supporting multiple blockchains. Increased liquidity on Arbitrum could attract institutional investors, especially for complex financial products like derivatives. (Source)
3. Solana Integration (January 15, 2025)
What happened: FDUSD launched on Solana, integrating with DeFi platforms such as Kamino Finance and Raydium to offer yield-earning opportunities.
Solana is known for its very fast transaction speeds (finalizing transactions in under a second) and extremely low fees (less than a tenth of a cent per transaction). This makes it ideal for high-frequency trading and cross-border payments.
Why it matters: This is a positive step for FDUSD because Solana’s stablecoin market saw $454 million in inflows at launch, showing strong demand for scalable USD alternatives. Retail users benefit from cheaper and faster remittances. (Source)
Conclusion
FDUSD’s recent updates show a clear strategy to improve interoperability by focusing on fast, high-capacity blockchains like Solana and TON, as well as scaling solutions like Arbitrum. These integrations help FDUSD strengthen its role as a multi-chain stablecoin. However, its success will depend on maintaining strong liquidity across these different ecosystems. Additionally, as regulators increase scrutiny on stablecoins, FDUSD will need to carefully balance decentralization with compliance to continue growing.