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 - $0.998761900947232 stablecoin.The First Digital US dollar-pegged stablecoin FDUSD FDUSD - $0.998761900947232 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 - $0.998761900947232 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: $0.998761900947232

Volume 24h: $3,622,528,503.02

Market Cap: $1,644,228,441.90

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 1,646,266,683.123434. The last known price of First Digital USD is 0.99854679 USD and is down -0.01 over the last 24 hours. It is currently trading on 524 active market(s) with $3,774,976,855.87 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.