Digital Assets FDUSD stablecoin depegs following claims made by Justin Sun

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.
First Digital responded to the claims by assuring users that the issuer is completely solvent and said that the dispute is with TrueUSD (TUSD), another stablecoin. The firm wrote in an April 2 X post:

"Every dollar backing FDUSD is completely secure, safe and accounted for with US-backed Treasury Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for."

Click to expand...

First Digital also indicated they would be taking legal action against Sun for making the claims on social media.



This is a developing story, and further information will be added as it becomes available.

Actual Crypto Price of Cryptocurrency on the market now

Bitcoin/USD

Ethereum ETH

Litecoin LTC

Solana SOL

Tron TRX

Contacts for ads and profitable Investments

Click Here


Read more