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by: xpoolPosted on: April 2, 2025

FDUSD De pegs After Justin Sun Alleges Insolvency

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2nd following claims of insolvency from Tron network founder Justin Sun. Sun alleged that the issuer of the tokenized fiat equivalent, First Digital, is insolvent. First Digital countered these claims, assuring users their reserves are completely solvent and stating they have a dispute with TrueUSD (TUSD), another stablecoin.

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Crypto Depeg Stablecoin

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