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FDUSD Issuer Assures Funds Are Backed 1:1, To Pursue Legal Action After Justin Sun's Allegations Send Stablecoin Below $1
Thursday, April 3, 2025 - 4:56am | 787The team behind First Digital USD (CRYPTO: FDUSD) addressed concerns regarding financial stability Wednesday after the dollar-backed stablecoin briefly depegged following allegations of insolvency by cryptocurrency entrepreneur Justin Sun. What Happened: First Digital confirmed that it has...
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No More Crypto Roller Coasters: Hong Kong's First Digital's Stablecoin Promises Smooth Ride
Thursday, June 1, 2023 - 1:10pm | 485First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U....