First Digital USD (FDUSD)
Justin Sun Shares Major Update on $500M TUSD Reserve Misappropriation: Calls Out ARIA-FDT Scam and Dubai Banks
TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves. The alleged scheme centers around a web of...
Independent Auditors Confirm 1:1 Backing for First Digital’s FDUSD
Hong Kong-based crypto custodian First Digital Labs shared its latest report showing its FDUSD stablecoin remains fully supported by cash or similar holdings. The report, for the period ending March...
FDUSD Defies FUD with $170M Inflow Against Trend of Major Crypto Outflows
On-chain data reveals most top cryptocurrencies experienced net negative fund flows over the past week, contrasting sharply with inflows seen in lower-cap tokens and stablecoins. Bitcoin led the outflows, while...
Justin Sun’s $500M Bailout of TUSD Exposes Weaknesses in Hong Kong Trust Regulation
Conflicting narratives emerged Thursday regarding TrueUSD (TUSD) reserves as Tron founder Justin Sun confirmed he provided the $500 million loan following alleged misuse by Hong Kong-based fiduciary First Digital Trust...
‘Smear Campaign’: First Digital Responds Forcefully to Justin Sun’s Attacks
First Digital Trust (FDT), the issuer of the FDUSD stablecoin, has come out strongly against Tron founder Justin Sun’s warnings on their stablecoin’s safety. In an X post, First Digital...
FDT Insolvency Buzz, FDUSD Depeg Stoke Fears: Hong Kong Oversight Questioned
First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, reportedly faces insolvency and has halted client fund redemptions, sparking significant concern across the cryptocurrency industry due to its operational...
Whales Shift Focus to Under-the-Radar Crypto Projects
Whale activity has shifted from large-cap cryptocurrencies to lesser-known projects this week. This indicates growing interest in under-the-radar assets that may yield higher returns in volatile market conditions. According to...
Stablecoins Hit Record $177B Market Cap, Tether Leads Surge
The stablecoin market is booming, reaching a new all-time high of $177 billion. This marks 11 consecutive months of growth, shattering the previous record set in March 2022. Tether (USDT)...
