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ā¼ļø FDUSD Stablecoin Loses Peg After Justin Sun's Insolvency Claims
The Binance-backed stablecoin FDUSD dropped to $0.95 after Tron founder Justin Sun accused First Digital Trust of insolvency, claiming it couldnāt redeem client funds. The issuer denied the allegations, stating that FDUSD is fully backed by U.S. Treasuries and called Sun's statements a smear campaign. The stablecoin has since partially recovered to $0.97, but uncertainty remains.
#FDUSD! #CircleIPO #BinanceAlphaAlert #Alpha2.0ProjectEvaluation
ā¼ļø FDUSD Stablecoin Loses Peg After Justin Sun's Insolvency Claims
The Binance-backed stablecoin FDUSD dropped to $0.95 after Tron founder Justin Sun accused First Digital Trust of insolvency, claiming it couldnāt redeem client funds. The issuer denied the allegations, stating that FDUSD is fully backed by U.S. Treasuries and called Sun's statements a smear campaign. The stablecoin has since partially recovered to $0.97, but uncertainty remains.
#FDUSD! #CircleIPO #BinanceAlphaAlert #Alpha2.0ProjectEvaluation
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