Binance is launching a limited-time promotion for its FDUSD Earn feature, offering up to 10.5% Annual Percentage Rate (APR). This tiered offer combines a 10% bonus tier and […]
Binance Launches New Savings Promotion with 10.5% APR on FDUSD
Binance, the world’s leading cryptocurrency exchange, has launched a promotional campaign offering up to 10.5% Annual Percentage Rate (APR) for FDUSD deposits within its Earn Flexible Products. This […]
Binance Finance Launches New FDUSD Promotion for 10% Bonus Yield
Binance Finance has announced a new promotional event offering users an opportunity to earn a 10% bonus interest on top of the existing real-time APY rates, on its […]
First Digital Redeeems $26 Million After FDUSD Depegs, Addresses Sun’s Insolvency Claims
First Digital has honored approximately $25.8 million in FDUSD redemptions since the incident. The company states it continues to process redemptions smoothly, highlighting the stability of FDUSD. When […]
Market Maker Wintermute Secures $3 Million Profit From FDUSD Depeg
Wintermute, a prominent crypto market maker, profited nearly $3 million from the recent depegging of the FDUSD stablecoin by capitalizing on arbitrage opportunities. The firm purchased over 75 […]
Binance Addresses FDUSD Reserve Concerns After Insolvency Accusations
Following a brief de-pegging incident related to First Digital USD (FDUSD), Binance has provided clarity regarding the reserve attestation for this stablecoin. In a recent blog post on […]
First Digital Files Lawsuit Against Justin Sun Over False Claims Regarding FDUSD
First Digital has announced plans to take legal action against Tron founder Justin Sun for making false claims about the stability of its USD-pegged stablecoin, FDUSD. After Sun’s […]
Binance Reassures Stability of FDUSD Reserves Amid De-Pegging Incident
Following a brief de-pegging event that sparked concerns, Binance has confirmed the accuracy of FDUSD’s reserves for February. The company conducted a thorough review of the reserves twice, […]
FDUSD De pegs Following Insolvency Rumors and Justin Sun’s Concerns
Stablecoin FDUSD saw a sudden drop of over 11% from its dollar peg following claims by Tron founder Justin Sun that First Digital Trust (FDT), the issuer, may […]
Sun Raises Concerns Over FDUSD Bankruptcy Amidst Market Volatility
Cryptocurrency markets experienced significant turbulence yesterday following a statement from Tron founder, Justin Sun, alleging that First Digital (FD), issuer of the FDUSD stablecoin, had gone bankrupt. This […]
Binance Addresses Concerns Over FDUSD Price Drop: Full Reserve Support Confirmed
Following the recent decline in FDUSD’s price to $0.87, Binance has issued its first official statement outlining the stablecoin’s reserve support and addressing user concerns. The exchange emphasized […]
FDUSD Responds to Justin Sun’s Allegations: Dispute is with TUSD
The FDUSD team has issued a statement in response to recent accusations from Justin Sun regarding First Digital Trust (FDUSD). The team asserts that these allegations are unfounded […]
Binance Responds to FDUSD Volatility, Emphasizing Risk Management Amidst Market Uncertainty
Binance is taking a proactive approach to address the recent volatility of FDUSD, acknowledging the impact on risk management practices. They are implementing stringent checks and controls to […]
Wintermute Tests Stablecoin Operations with $65 Million FDUSD Holding
Crypto market maker Wintermute is engaged in a key testing phase involving its FDUSD holdings, signifying their commitment to operational stability within the cryptocurrency landscape. According to on-chain […]
FDUSD De pegs Following Bankruptcy Announcement
A depegging event has been reported for FDUSD following a significant announcement from its issuer, Justin Sun. Sun revealed that the organization behind FDUSD has filed for bankruptcy […]