Today, First Digital Group (“First Digital” or the “Group”), a digital asset custodian and trust services group in Asia and parent company of FD121 Limited (also known as First Digital Labs), announced the native deployment of First Digital USD (“FDUSD”) on The Open Network (TON) Blockchain. This integration deepens onchain liquidity, unlocks new use cases, and extends the availability of FDUSD across TON’s ecosystem and community.

Extending FDUSD’s Reach

FDUSD joins TON’s high-speed, scalable, and cost-efficient blockchain to meet the rising demand for accessible and multi-chain compatible stablecoin solutions. By leveraging TON’s high–performance capabilities, FDUSD empowers users with new opportunities, fuels liquidity growth, and broadens stablecoin use cases within the ecosystem.

This integration solidifies TON’s position as a leading blockchain for stablecoin transactions. By extending access to regions where TON already has a strong community, FDUSD enhances liquidity and encourages further adoption.

“As digital payments evolve, accessibility and ease-of-use are important. By integrating FDUSD into TON’s thriving blockchain and its seamless integration with Telegram, we are delivering a fluid, dependable and universal stablecoin that simplifies onchain transactions to the level of everyday communication. This alignment meets the demands of modern users and drives the adoption of stablecoins as a practical, scalable solution for global payments,” said Vincent Chok, CEO and Founder of First Digital.

FDUSD Powers Stablecoin Liquidity on TON Protocols

TON is the exclusive blockchain infrastructure powering Telegram's vast ecosystem of Mini Apps, with the ecosystem's social, finance, and payments dApps set to create unique opportunities for FSUSD. As an enterprise-grade stablecoin, FDUSD enriches the ecosystem with a fluid, dependable and universal stablecoin that is trusted for transactions within TON's ecosystem.

At launch, FDUSD will be accessible on TONCO, the first decentralized exchange on TON with concentrated liquidity, and all major wallets including TON Wallet, Tonkeeper, and MyTonWallet, enriching the ecosystem with reliable onchain liquidity for DeFi users. Businesses and institutions can access FDUSD on TON by opening an account to directly minting via First Digital Labs, offering a seamless on/off-ramp for fiat-to-FDUSD conversion on TON.

“Bringing FDUSD to TON is another significant step in our journey to making stablecoins a part of everyday life. Now, anyone can send and receive FDUSD on TON Blockchain and within the ecosystem, making onchain transactions as quick and easy as sending a message. This launch makes stable, reliable transfers more accessible than ever and positions TON as the home of the next generation of decentralised finance,” said Max Crown, CEO of TON Foundation.

FDUSD is issued by First Digital Labs, the brand name of FD121 Limited. FDUSD is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in segregated accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain, Sui, Solana, and Arbitrum.