$FDUSD 🤔 What's happening with #FDUSD?

Today the price of the First Digital USD steiblcoin has decoupled from $1 📉. The story is that Justin Sun accused the steiblcoin of insolvency in his X. No proof of this was given.

Overall, we are seeing a recovery in stablecoin now, but still not all the way there. I would stay away from small stablecoins like this, however in this case the accusations are very likely unfounded. If there was proof, San would have published it right away.

This kind of situation can be called a typical circus 🤡 that happens in the crypto community.

Everyone was scared that this could be the next "black swan". However, the fall of a $2,500,000,000 cap stack does little to hurt a market with a cap under $3,000,000,000,000 🤷‍♂️