FDUSD Issuer: Justin Sun Makes False Statements, Company Has Full Solvency

FDUSD issuer First Digital Trust (FDT) officially stated on social media that the recent accusations made by Justin Sun against First Digital Trust are entirely false. This controversy only involves TUSD and is unrelated to FDUSD. First Digital is fully solvent.

The official statement claims that every dollar reserve of FDUSD is fully backed by U.S. Treasury securities, which are safe, reliable, and completely traceable. The ISIN numbers of all reserve Treasury securities have been clearly listed in the published certification report. This is merely a typical smear campaign by Justin Sun against a business competitor. Justin Sun initiated a coordinated attack on social media before the TUSD controversy entered judicial proceedings, attempting to undermine the business competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.

First Digital Trust will hold a live AMA on the X platform at 4 PM Hong Kong time on April 3, 2025 (Thursday) to clarify this incident. #Alpha2.0爆款冲击 #币安投票上币