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๐จ ๐๐๐๐ ๐๐ซ๐ข๐ฌ๐ข๐ฌ: ๐๐ฎ๐ฌ๐ญ๐ข๐ง ๐๐ฎ๐ง ๐๐ญ๐๐ฉ๐ฌ ๐๐ง ๐๐ฆ๐ข๐ $๐๐๐๐ ๐
๐ซ๐๐ฎ๐ ๐๐ฅ๐๐ข๐ฆ๐ฌ
After alleging First Digital Trust (#FDT ) was insolvent, #JustinSun has now intervened to stabilise $TUSD , which faced a $500M liquidity shortfall due to alleged fraud by issuer Techteryx.
Reports suggest TUSD reserves were stuck in illiquid assets, raising fresh concerns over stablecoin transparency and regulation, especially following #fdusd โs depeg drama.
Are stablecoins facing a trust crisis? ๐ค
After alleging First Digital Trust (#FDT ) was insolvent, #JustinSun has now intervened to stabilise $TUSD , which faced a $500M liquidity shortfall due to alleged fraud by issuer Techteryx.
Reports suggest TUSD reserves were stuck in illiquid assets, raising fresh concerns over stablecoin transparency and regulation, especially following #fdusd โs depeg drama.
Are stablecoins facing a trust crisis? ๐ค
#CoinRank Weekly Crypto Report | (April 7โApril 13)
Binance's Second Round of Voting for Listing Ends, $UXLINK, $ATH, $BIGTIME Rank Top Three
USD Stablecoin $USD1 Launched by WLFI Reaches 108 Million Circulation on BSC
Justin Sun Releases FDT's "Seven Deadly Sins," Including Breach of Fiduciary Duty, Misuse of Client Funds, etc.
US Has Raised Tariff Rates on China to 104%
Vitalik Publishes Minimalist #L1 Privacy Roadmap, Aimed at Enhancing Ethereum User Privacy
#Vitalik #USD1 #FDT #Binance #WLIF
Binance's Second Round of Voting for Listing Ends, $UXLINK, $ATH, $BIGTIME Rank Top Three
USD Stablecoin $USD1 Launched by WLFI Reaches 108 Million Circulation on BSC
Justin Sun Releases FDT's "Seven Deadly Sins," Including Breach of Fiduciary Duty, Misuse of Client Funds, etc.
US Has Raised Tariff Rates on China to 104%
Vitalik Publishes Minimalist #L1 Privacy Roadmap, Aimed at Enhancing Ethereum User Privacy
#Vitalik #USD1 #FDT #Binance #WLIF
๐ฐ Binance Confirms FDUSD Security, But Sun Pushes FDT Bankruptcy Claims ๐ธ๐ฅ
Binance has released a report stating that FDUSD reserves stand at $2.05 billion, exceeding the circulating token supply. ๐๐ According to them, the funds are safely stored in U.S. government bonds and fixed deposits, ensuring full backing for the stablecoin. At least, thatโs their official stance. ๐ฆโ
Meanwhile, Justin Sun isnโt backing down. ๐จ He continues to claim that First Digital Trust (FDT) is on the verge of bankruptcy, urging everyone to cut ties immediately. ๐โ ๏ธ According to Sun, the company is already insolvent.
The court will soon determine the fate of FDTโs founder, Vincent Chok. โ๏ธ๐จโโ๏ธ Sun seems to know exactly how to stir up interest in his narrative. ๐ญ๐ฅ
#Binance #cryptouniverseofficial #fdusd #FDT #JustinSun $FDUSD
$BTC
Binance has released a report stating that FDUSD reserves stand at $2.05 billion, exceeding the circulating token supply. ๐๐ According to them, the funds are safely stored in U.S. government bonds and fixed deposits, ensuring full backing for the stablecoin. At least, thatโs their official stance. ๐ฆโ
Meanwhile, Justin Sun isnโt backing down. ๐จ He continues to claim that First Digital Trust (FDT) is on the verge of bankruptcy, urging everyone to cut ties immediately. ๐โ ๏ธ According to Sun, the company is already insolvent.
The court will soon determine the fate of FDTโs founder, Vincent Chok. โ๏ธ๐จโโ๏ธ Sun seems to know exactly how to stir up interest in his narrative. ๐ญ๐ฅ
#Binance #cryptouniverseofficial #fdusd #FDT #JustinSun $FDUSD
$BTC
๐จ FDUSD Depegs Amid Insolvency Claims, Recovers to $0.98
#JustinSun alleged First Digital Trust (FDT) is insolvent, triggering an #fdusd depeg up to 13% on some platforms before recovering, ultimately settling around 5% lower and wiping $130M off its market cap.
#FDT denied the claims, stating FDUSD is fully backed by U.S. T-Bills, accusing Sun of a smear campaign. With conflicting statements, concerns over stablecoin transparency intensify.
FDT will hold an AMA on April 3 to address the issue. ๐
Crisis or market manipulation? #FDUSDInsolvency
#JustinSun alleged First Digital Trust (FDT) is insolvent, triggering an #fdusd depeg up to 13% on some platforms before recovering, ultimately settling around 5% lower and wiping $130M off its market cap.
#FDT denied the claims, stating FDUSD is fully backed by U.S. T-Bills, accusing Sun of a smear campaign. With conflicting statements, concerns over stablecoin transparency intensify.
FDT will hold an AMA on April 3 to address the issue. ๐
Crisis or market manipulation? #FDUSDInsolvency
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