FDUSD stableboin 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 T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for source: https://cointelegraph.com/news/fdusd-depegs-following-claims-justin-sun?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound