FDUSD Price Stabilizes and Rebounds, Issuer Reaffirms 1:1 Full Support
BlockBeats News, on April 3rd, the stablecoin FDUSD, which had previously experienced severe fluctuations due to market turmoil, has finally shown positive signals. According to the latest official data from First Digital, the price of FDUSD has gradually moved away from its low of $0.87, with the latest quote rebounding to $0.99, showing clear signs of re-pegging. This turbulence triggered by a crisis of trust is gradually calming down with the efforts of all parties involved.
In response to Sun Yuchen's previous accusation of “FDT being insolvent,” First Digital quickly reacted, emphasizing that FDUSD reserves are fully backed by US dollars and short-term US Treasury bonds, and has completed the on-chain destruction operation for the first batch of redemption requests. The official statement indicated that it will continue to maintain market confidence through transparent operations and timely redemptions. It is noteworthy that the public statement by Binance co-founder He Yi and the bottom-fishing actions of institutions like Wintermute have also injected a dose of confidence into the market.
Although the current price has not fully recovered lost ground, market sentiment has shifted from panic to rationality. As an important stablecoin within the Binance ecosystem, the stabilization of FDUSD's price not only concerns the interests of holders but also affects the stability of scenarios such as DeFi and cross-border payments. With regulatory involvement and the advancement of audit processes, investors' trust in the stablecoin mechanism is gradually being rebuilt. This turmoil reminds us once again that in the crypto world, transparency and liquidity management are always the lifeline of stablecoins. We hope FDUSD can quickly return to its peg, providing sustained and reliable value support for the market #BNBChain爆发 #巨鲸动向 #美国加征关税 $BTC