FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute
Submitted by Anonymous (not verified) on Wed, 04/02/2025 - 21:30
First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that same […]