FDUSD issuer callsJustin Sun's insolvency allegation a ‘smear campaign'

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD FDUSD - $0.998868631096978

Source: cryptoslate.com

Related symbols: STABLEUSD

2025-04-02 18:12:04 GMT.

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Price & Market Data

Price: $0.998868631096978

Volume 24h: $3,500,061,980.29

Market Cap: $1,644,404,148.19

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 1,646,266,683.123434. The last known price of First Digital USD is 0.99875804 USD and is up 0.02 over the last 24 hours. It is currently trading on 524 active market(s) with $3,600,215,237.52 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.