The past week was marked by a series of significant events at the intersection of traditional finance and the crypto industry. From reports on stablecoin backing to the launch of tokenized funds and new statements from the Federal Reserve — the market continues to operate in a state of heightened sensitivity to macroeconomic signals and technological initiatives.
Binance Confirms: FDUSD Is 1:1 Backed
Crypto exchange Binance announced that its stablecoin, First Digital USD (FDUSD), is fully backed by assets in a 1:1 ratio. The information was confirmed by an independent audit conducted by Prescient Assurance.
FDUSD is rapidly gaining popularity amid declining trust in traditional stablecoins like USDT and USDC due to transparency concerns. The report highlights that all funds backing the issuance of FDUSD are held in secure reserves — including bank accounts and short-term U.S. Treasury bonds. This level of transparency could play a key role in strengthening FDUSD’s market position.
JPMorgan Analysts: U.S. Recession Probability Rises to 60%
According to analysts at American bank JPMorgan, the likelihood of a recession in the United States in the coming months has risen from 30% to 60%. This is due to several macroeconomic factors: slowing growth rates, labor market instability, and geopolitical tensions.
For the crypto market, this could mean increased interest in decentralized assets as an alternative to traditional investments. In times of recession, investors often turn to safe-haven assets, and if trust in the fiat system continues to decline, assets like Bitcoin and stablecoins may once again take center stage.
WisdomTree Launches Tokenized Funds on Four Blockchains
American investment firm WisdomTree has announced the launch of its tokenized funds on the Base, Arbitrum, Avalanche, and Optimism blockchains. The project aims to expand investor access to financial products through decentralized infrastructure.
This is one of the first large-scale moves by a traditional asset management company into the DeFi space. Tokenized funds will allow users to access investments 24/7, with instant liquidity and full transparency.
The launch of such a product indicates a rapid convergence between the traditional and crypto financial worlds. It also opens new horizons for asset tokenization and the application of smart contracts in investment management.
Powell: No Rush to Cut Rates, Tariffs Could Raise Inflation
U.S. Federal Reserve Chair Jerome Powell stated that the regulator is not yet ready to cut interest rates. The main reason is uncertainty about the impact of new import tariffs on inflationary processes.
According to Powell, the Fed will continue to closely monitor macroeconomic indicators and does not rule out the possibility that maintaining a high interest rate may be necessary for longer than previously expected. This statement affected traditional markets, causing a short-term dip in stock indices.
For crypto investors, high interest rates in the U.S. mean continued pressure on liquidity and increased interest in fixed-income assets. However, in an inflationary environment, cryptocurrencies may be seen as a long-term hedge.
Ethena’s USDe Stablecoin Now Live on BNB Chain
The Ethena project announced the launch of its algorithmic stablecoin USDe on the BNB Chain. Previously, USDe was available only within the Ethereum ecosystem. Now, users can utilize it on the faster and more cost-efficient Binance Smart Chain network.
Expansion to BNB Chain will allow USDe to reach a broader audience and improve its liquidity. Developers note that in a volatile market, demand for alternative stablecoins that do not rely directly on fiat reserves continues to grow.
SEC to Review Fidelity’s Application for a Solana-Based ETF
The U.S. Securities and Exchange Commission (SEC) has accepted for review an application from investment giant Fidelity to launch an exchange-traded fund (ETF) based on the Solana (SOL) cryptocurrency. This could become a landmark precedent, especially in light of recent approvals of Bitcoin and Ethereum ETFs.
Acceptance of the application does not imply immediate approval, but the very fact that it is being considered is an important signal of the regulator’s willingness to discuss expanding crypto instruments on regulated markets. If the product gets the green light, it could trigger a new wave of institutional capital flowing into the Solana ecosystem.
The cryptocurrency market continues to demonstrate maturity and resilience even amid economic uncertainty. Growing institutional interest, the launch of new products, and enhanced transparency all contribute to the further legitimization of the industry. In the coming months, the behavior of regulators and U.S. economic policy will remain the key factors to watch.
