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 - $0.994911563143990 stablecoin.The First Digital US dollar-pegged stablecoin FDUSD FDUSD - $0.994911563143990 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 - $0.994911563143990 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: $0.994911563143990

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/.