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 FDUSD stablecoin depegs following claims made by Justin Sun Cointelegraph 02 Apr 2025

FDUSD stablecoin depegs following claims made by Justin Sun ⚖️

The First Digital US-dollar pegged stablecoin (FDUSD) depegged following allegations from Justin Sun, the founder of the Tron network, asserting the issuer's insolvency. Fully countering Sun’s claims, First Digital insisted on its solvency, assuring users of every dollar's security and backing with US Treasury Bills.

The company also clarified that the dispute involves another stablecoin, TrueUSD (TUSD), and it intends to pursue legal action against Sun based on the claims he made on social media.

The situation remains dynamic, with further developments expected.

Source: cointelegraph.com ↗

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