FDUSD Just Depegged — What Happened?

According to Foresight News, the sudden drop in FDUSD (First Digital USD) is linked to bankruptcy claims involving Justin Sun (Sun Yuchen).

What Happened?

FDUSD dropped sharply deviating from its $1 peg. The crash came after rumors that Justin Sun might be connected to a bankruptcy event involving FDUSD or entities related to it.

Price has since recovered slightly to ~$0.9756, but market confidence is shaken.

Why This Matters?

•Stablecoins are built on trust. Even a rumor can destabilize the peg.

•Arbitrage bots and whales often react instantly to news like this.

•If there's no factual bankruptcy, FDUSD might stabilize — but if ties to Sun or insolvency rumors grow, expect volatility.

#Stablecoins