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The TON Foundation announces that the First Digital USD (FDUSD),the stablecoin of First Digital Group,is now natively available on TON Blockchain. This strategic step strengthens TON’s vision of becoming the go-to platform for stablecoins, expanding onchain liquidity and offering new opportunities to a potential audience of one billion users.
The integration of FDUSD on TON represents an expansion of the already solid presence of the stablecoin, previously available on Ethereum, BNB Chain, Sui, and Solana. Thanks to this collaboration, the stablecoin FDUSD will now be able to leverage the speed, scalability, and efficiency of the TON blockchain, meeting the growing demand for stable and multi-network compatible solutions.
Summary
TON and FDUSD: a strategic partnership
The arrival of FDUSD on TON is not just a technical operation, but a true leap in quality for the entire ecosystem. TON, already recognized for its high-performance infrastructure and its integration with Telegram, consolidates itself as one of the main blockchains for transactions in stablecoin. Access to FDUSD in regions where TON boasts a solid community will promote greater liquidity and stimulate the adoption of decentralized solutions.
Vincent Chok, CEO and founder of First Digital, emphasizes how this integration meets the needs of modern users:
“We are offering a fluid, reliable, and universal stablecoin that simplifies on-chain transactions to the level of everyday communication. This alignment meets the demands for accessibility and ease of use, driving the adoption of stablecoins as a practical and scalable solution for global payments.”
FDUSD: the engine of stablecoin liquidity on TON
TON stands out as an exclusive infrastructure for the Telegram Mini App ecosystem, offering fertile ground for social, financial, and payment applications. In this context, FDUSD is proposed as the reference stablecoin, ensuring reliability and stability in transactions within the ecosystem.
At the time of launch, FDUSD will be available on TONCO, the first decentralized exchange on TON with concentrated liquidity, and on all the main wallets of the network, including TON Wallet, Tonkeeper, and MyTonWallet. This will ensure reliable and immediate liquidity for DeFi users. Additionally, businesses and institutions will be able to access FDUSD on TON by opening an account and minting directly through First Digital Labs, simplifying the conversion between fiat currencies and FDUSD.
According to Max Crown, CEO of TON Foundation:
“Bringing FDUSD to TON is a fundamental step towards the integration of stablecoins into everyday life. Now anyone can send and receive FDUSD on TON, making on-chain transactions as fast and simple as sending a message. This launch makes stable and reliable transfers more accessible than ever, positioning TON as the home of the next generation of decentralized finance.”
Distinctive Characteristics of FDUSD
FDUSD is issued by First Digital Labs (FD121 Limited) and guaranteed at a 1:1 ratio with the US dollar or equivalent value assets, held in segregated accounts at globally regulated financial institutions. Transparency is ensured by independent monthly audits on the reserves.
Currently, FDUSD is available on several prominent blockchains, including Ethereum, BNB Chain, Sui, Solana, and Arbitrum. This makes it a versatile solution for those seeking stability in payments, international remittances, DeFi lending services, and as a hedging tool against price volatility.
It is important to note that FDUSD is not intended for U.S. users or entities, and the minting and redemption services are not offered to individuals or legal entities in the United States.
TON: a global vision for Web3
The Open Network (TON) presents itself as a global and decentralized blockchain community, with the goal of bringing crypto into every pocket. Through the construction of the Web3 ecosystem integrated into Telegram Messenger, TON aims to enable 500 million users to own their digital identity, their data, and their assets by 2028.
The integration of FDUSD strengthens this vision, offering Telegram and TON users a reliable and easily accessible stablecoin, capable of powering new forms of payment, exchange, and decentralized financial services.
Conclusion: a future of stable and accessible payments
The arrival of FDUSD on TON Blockchain marks a crucial moment for the growth of decentralized finance. Thanks to this integration, users, businesses, and institutions can now access a reliable and transparent stablecoin, leveraging the speed and scalability of TON and the widespread reach of Telegram.
The partnership between TON Foundation and First Digital Group paves the way for a new era of digital payments, where the stability of stablecoins meets the power of next-generation blockchains. With FDUSD on TON, the vision of a global, accessible, and decentralized finance is ever closer to reality.