First Digital USD narxiFDUSD

According to DeFiLlama data, Ethena's USDe supply has surged by 75% over the past month, reaching $9.3 billion and surpassing FDUSD to become the third-largest stablecoin by market cap, behind only USDT and USDC. At the same time, Ethena has also risen to become the sixth-largest

FDUSD stablecoin integration (May 2025) and Timeboost revenue ($443K in 4 weeks) highlighted Arbitrum’s DeFi infrastructure role Will ARB sustain gains if the Robinhood announcement underwhelms?

After months of political back-and-forth, the U.S. Senate has invoked cloture and is moving forward with the GENIUS Act , officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025. This marks one of the pivotal moments for crypto regulation in U.S. history . But what exactly is the GENIUS Act, and why is it sending ripples through the digital asset ecosystem? The GENIUS Act aims to establish a federal framework for stablecoins, crypto tokens pegged to fiat currencies like the U.S. dollar. It outlines who can issue stablecoins, how they must be backed, and what protections must be in place for consumers and the financial system. With a clear regulatory path, big financial players like JPMorgan, PayPal, or even tech firms like Stripe and Square could finally go all-in on U.S. dollar–backed stablecoins. This legitimizes stablecoins as reliable tools for payments, remittances, and on-chain finance. The GENIUS Act emphasizes transparency and reserves. That could drastically reduce the risk of collapses like Terra’s UST or fears around Tether’s reserves . With federal clarity, stablecoins could become embedded in everything from retail payments to international trade and DeFi protocols. It may also unlock trillions in sidelined institutional capital. While the GENIUS Act focuses on stablecoins, its implications go far beyond: Altcoins and utility tokens may benefit from the increased trust and regulatory clarity that spills into the broader market. Global regulators could follow suit, adopting their own versions of the Act—creating a harmonized global framework for digital assets. Tokenized assets (RWA) like real estate, commodities, and equities will gain a regulatory model for interacting with stablecoins as their settlement layer. DeFi and Web3 apps can start integrating stablecoins in compliance with a known standard—removing uncertainty for developers, users, and regulators. The Senate has set the stage, with the final vote likely taking place by June 13. After that: In a space long haunted by regulatory ambiguity, the GENIUS Act feels like a breath of fresh air. Whether you’re a trader, a protocol builder, a fintech innovator, or a stablecoin issuer, this bill—if signed into law—will finally provide the playbook. Crypto isn’t just entering the next phase—it’s maturing. And the GENIUS Act might be the catalyst. 🔗 Explore More: Bitget Stablecoin Markets Learn About Stablecoins Track Token Prices $USDT, $USDC, $BTC, $ETH, $PYUSD, $FDUSD, $DAI, $TUSD, $FRAX, $LUSD After months of political back-and-forth, the U.S. Senate has invoked cloture and is moving forward with the GENIUS Act , officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025. This marks one of the pivotal moments for crypto regulation in U.S. history . But what exactly is the GENIUS Act, and why is it sending ripples through the digital asset ecosystem? The GENIUS Act aims to establish a federal framework for stablecoins, crypto tokens pegged to fiat currencies like the U.S. dollar. It outlines who can issue stablecoins, how they must be backed, and what protections must be in place for consumers and the financial system. With a clear regulatory path, big financial players like JPMorgan, PayPal, or even tech firms like Stripe and Square could finally go all-in on U.S. dollar–backed stablecoins. This legitimizes stablecoins as reliable tools for payments, remittances, and on-chain finance. The GENIUS Act emphasizes transparency and reserves. That could drastically reduce the risk of collapses like Terra’s UST or fears around Tether’s reserves . With federal clarity, stablecoins could become embedded in everything from retail payments to international trade and DeFi protocols. It may also unlock trillions in sidelined institutional capital. While the GENIUS Act focuses on stablecoins, its implications go far beyond: Altcoins and utility tokens may benefit from the increased trust and regulatory clarity that spills into the broader market. Global regulators could follow suit, adopting their own versions of the Act—creating a harmonized global framework for digital assets. Tokenized assets (RWA) like real estate, commodities, and equities will gain a regulatory model for interacting with stablecoins as their settlement layer. DeFi and Web3 apps can start integrating stablecoins in compliance with a known standard—removing uncertainty for developers, users, and regulators. The Senate has set the stage, with the final vote likely taking place by June 13. After that: In a space long haunted by regulatory ambiguity, the GENIUS Act feels like a breath of fresh air. Whether you’re a trader, a protocol builder, a fintech innovator, or a stablecoin issuer, this bill—if signed into law—will finally provide the playbook. Crypto isn’t just entering the next phase—it’s maturing. And the GENIUS Act might be the catalyst. 🔗 Explore More: Bitget Stablecoin Markets Learn About Stablecoins Track Token Prices $USDT, $USDC, $BTC, $ETH, $PYUSD, $FDUSD, $DAI, $TUSD, $FRAX, $LUSD

First Digital Labs has launched FDUSD on Arbitrum, Ethereum’s largest Layer-2 network, marking the stablecoin’s latest expansion and further strengthening its cross-chain presence. The launch is designed to offer users access to low-cost, high-speed transactions while positioning First Digital USD ( FDUSD) as a core stablecoin for decentralized finance , spanning five blockchains and multiple regional markets.. Already deployed on Ethereum, BNB Chain, Sui, and Solana, FDUSD’s expansion to Arbitrum represents a strategic step toward addressing Ethereum’s congestion and throughput challenges. This comes at a time of rising institutional demand for stablecoins that are secure, compliant, and integrated across multiple blockchains. “Stablecoins will play an increasingly central role in driving global capital market liquidity over the next five years,” said Vincent Chok, CEO of First Digital. “FDUSD’s native integration with Arbitrum eliminates bridging complexities, boosts trade efficiency and strengthens our leadership in the DeFi ecosystem.” Ryan De Souza, APAC Partnerships Lead at Offchain Labs, which supports Arbitrum, added that FDUSD’s native deployment “is not only enhancing scalability and reducing costs but also making digital finance more accessible, secure, and aligned with the evolving needs of both institutions and everyday users.” Unlike bridged tokens that often introduce security vulnerabilities, FDUSD’s native deployment on Arbitrum provides a safer and more seamless experience. It also enables greater liquidity within Arbitrum’s DeFi ecosystem and supports everyday applications like remittances and cross-border payments through near-instant settlements. Beginning on Friday, users can access FDUSD liquidity through Camelot, one of Arbitrum’s leading DeFi platforms. Institutional clients can also mint FDUSD directly on-chain by opening an account with First Digital, streamlining access to digital dollar liquidity across use cases such as trading, lending, and settlement.