First Digital Addresses Allegations, Guaranteeing Security of $FDUSD Backing

First Digital took to X to directly address recent allegations concerning the safety of $FDUSD. The company emphasized that every dollar backing the stablecoin is fully secured by U.S.-backed Treasury Bills. In a statement shared on X, First Digital confirmed: “Every dollar backing $FDUSD is completely secure, safe, and accounted for with US-backed T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are clearly outlined in our attestation report.” Further reaffirming their stance, First Digital also announced plans to pursue legal action to protect their rights and reputation. They have also made a link to the attestation report publicly accessible for review.