FDUSD Issuer Assures Funds Are Backed 1:1, To Pursue Legal Action After Justin Sun's Allegations Send Stablecoin Below $1

The team behind First Digital USD (CRYPTO: FDUSD) addressed concerns regarding financial stability Wednesday after the dollar-backed stablecoin briefly depegged following allegations of insolvency by cryptocurrency entrepreneur Justin Sun.

Apr 3, 2025 - 14:28
FDUSD Issuer Assures Funds Are Backed 1:1, To Pursue Legal Action After Justin Sun's Allegations Send Stablecoin Below $1
FDUSDThe team behind First Digital USD (CRYPTO: FDUSD) addressed concerns regarding financial stability Wednesday after the dollar-backed stablecoin briefly depegged following allegations of insolvency by cryptocurrency entrepreneur Justin Sun.

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