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 - $0.998215910545250

Source: cryptoslate.com

Related symbols: STABLEUSD

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

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Price & Market Data

Price: $0.998215910545250

Volume 24h: $4,318,814,466.23

Market Cap: $498,750,100.25

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 499,641,505.391027. The last known price of First Digital USD is 0.99917313 USD and is down -0.02 over the last 24 hours. It is currently trading on 624 active market(s) with $2,995,215,024.48 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.