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 - $0.997909168843630 stablecoin.The First Digital US dollar-pegged stablecoin FDUSD FDUSD - $0.997909168843630 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 - $0.997909168843630 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.

Link to source Join our Telegram channel

Price & Market Data

Price: $0.997909168843630

Volume 24h: $4,172,279,491.22

Market Cap: $843,005,403.14

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 862,964,663.460102. The last known price of First Digital USD is 0.99799411 USD and is up 0.09 over the last 24 hours. It is currently trading on 616 active market(s) with $4,512,865,562.46 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.