FDUSD Stablecoin Launches Natively on Arbitrum Amid Transparency Claims, Enhances DeFi Liquidity and Safety
First Digital Labs has confirmed that its stablecoin FDUSD is fully backed by reserves, countering fraud allegations from Tron founder Justin Sun with proof that its 2.58 billion supply is matched by assets, including $1.74 billion in U.S. Treasury bills and $603 million in repurchase agreements. Despite temporary depegging and controversy, First Digital Trust has maintained a stance of transparency, launching a defamation lawsuit against Sun and reaffirming its commitment to stablecoin integrity. In a key development, FDUSD has launched natively on Arbitrum, Ethereum’s leading Layer-2 solution, expanding its cross-chain accessibility, which already includes Ethereum, BNB Chain, Sui, and Solana. The Arbitrum deployment strengthens DeFi infrastructure by offering low-cost, high-speed native transactions and minimizing security risks typical of bridged tokens. Institutional and retail users can now mint FDUSD directly on-chain and trade it on major DeFi platforms like Camelot. Industry leaders underline FDUSD’s crucial role in boosting global digital asset liquidity, cross-border payments, and instant DeFi settlements, as it meets growing demand for secure, compliant stablecoins that are interoperable across multiple blockchains.
Bullish
The confirmation of FDUSD’s full reserve backing and First Digital Labs’ strong response to fraud allegations reinforce trust in the stablecoin, preventing prolonged market disruption. The native launch of FDUSD on Arbitrum—avoiding bridging risks and supporting low-cost, high-speed DeFi transactions—significantly expands its usability and liquidity. Institutional on-chain minting and direct DeFi trading access via platforms like Camelot increase demand and utility for FDUSD, while continued transparency efforts build credibility with both traders and institutions. The stablecoin’s focus on cross-chain interoperability positions it as a preferred option for DeFi participants seeking security and compliance, which is likely to boost trading volumes and liquidity both on Arbitrum and across other supported chains. Collectively, these factors are expected to have a bullish impact on FDUSD price stability and usage, while strengthening the broader DeFi ecosystem.