FDUSD stableboin depegs following claims made by Justin Sun

The First Digital US-dollar pegged stablecoin FDUSD FDUSD - $0.994911563143990 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 TUSD - $0.998755109444587 another stablecoin. The firm wrote in an April 2 X post: "Every dollar backing FDUSD FDUSD - $0.994911563143990 is completely, secure, safe and accounted for with US backed T-Bills.

Source: cointelegraph.com

Related symbols: SIRIUSUSD

2025-04-02 17:28:03 GMT.

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Price & Market Data

Price: $0.994911563143990

Volume 24h: $3,834,669,445.61

Market Cap: $2,180,974,604.10

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 2,568,088,088.167816. The last known price of First Digital USD is 0.99831076 USD and is up 0.00 over the last 24 hours. It is currently trading on 494 active market(s) with $5,316,595,229.77 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.

Price & Market Data

Price: $0.998755109444587

Volume 24h: $48,122,498.66

Market Cap: $494,899,219.71

Description

TrueUSD (TUSD) is a cryptocurrency and operates on the Ethereum platform. TrueUSD has a current supply of 495,516,083. The last known price of TrueUSD is 0.99862814 USD and is down -0.01 over the last 24 hours. It is currently trading on 566 active market(s) with $48,227,494.53 traded over the last 24 hours. More information can be found at https://tusd.io/.