Wintermute transfers $75M FDUSD since depegs, in $3M arbitrage opportunity

Market makers' blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD FDUSD - $0.998135103812019 stablecoin.The First Digital US dollar-pegged stablecoin FDUSD FDUSD - $0.998135103812019 depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer was insolvent. Market marker Wintermute transferred over 75 million FDUSD FDUSD - $0.998135103812019 tokens back to First Digital within a day since the stablecoin depegged to $0.87.

Source: cointelegraph.com

Related symbols: STABLEUSD

2025-04-03 12:37:04 GMT.

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Price & Market Data

Price: $0.998135103812019

Volume 24h: $5,227,279,936.51

Market Cap: $1,449,757,253.98

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 1,452,465,952.200666. The last known price of First Digital USD is 0.99810422 USD and is down -0.03 over the last 24 hours. It is currently trading on 554 active market(s) with $5,353,034,384.05 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.