📉 $FDUSD DE-PEGS AFTER SUN'S CLAIMS! 🩹 FIRST DIGITAL TRUST RECOVERS!
**Signal:** Following Justin Sun's insolvency allegations, First Digital Trust's FDUSD stablecoin experienced a brief de-peg but has since largely recovered.
**Key Points:**
* **De-Peg Event:** FDUSD's price temporarily deviated from its peg after Sun's public statements. * **Swift Recovery:** The stablecoin has since shown signs of recovery, according to market data. * **Redemptions Processed:** First Digital Trust has posted evidence of successful redemptions.
**Stablecoin Stability:** This event highlights the potential impact of public statements on stablecoin confidence and market stability.
