In early April 2025, the crypto market was stirred by a public relations storm initiated by Brother Sun. He openly questioned on social media the redemption risks of the stablecoin FDUSD, which is managed and issued by First Digital Trust (FDT), even bluntly stating its 'substantial bankruptcy.' This accusation quickly triggered a chain reaction in the market, causing FDUSD to depeg in a short period, leading to sell-offs on multiple DEXs and spreading panic among investors.

Despite FDT and Binance's swift clarifications in an attempt to quell the turmoil, for a market that has experienced the TUSD incident, once trust collapses, rebuilding it is not something a mere statement can resolve. For the vast majority of users, rather than worrying about who said what, what matters more is: Is my capital safe? Are there any asset channels worth trusting?

Beyond stablecoins, we need more stable solutions.

The warning of FDUSD's potential collapse once again rings alarm bells for crypto investors regarding the centralized risks of stablecoins:

Is the custodian account real and transparent?

Can the assets be exchanged at any time?

Are the audits independent and authoritative?

Are the inflows and outflows legal and compliant, to avoid being frozen?

A series of questions ultimately boils down to one core issue—liquidity and security of funds.

In this context, a wallet platform with a compliant background, global payment capabilities, support for the interchange of digital assets and fiat currency, and integrated stock investment functions has become the focus of attention for many users. BiyaPay has rapidly gained market favor amidst this trust gap. BiyaPay is a one-stop wallet tool that helps you securely and legally transfer digital currencies (such as USDT) to your overseas bank card and then back again. It not only allows for transfers but also currency exchanges, trading US and Hong Kong stocks, and wealth management.

Moreover, it's not a small platform; it is headquartered in Singapore and has branches in the United States and Hong Kong, with over 500,000 users globally.