FDUSD stablecoin depegs following claims made by Justin Sun

The First Digital US-dollar pegged stablecoin (FDUSD) depegged connected April 2 pursuing claims of insolvency from Tron web laminitis Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.

First Digital responded to the claims by assuring users that the issuer is wholly solvent and said that the quality is with TrueUSD (TUSD), different stablecoin. The steadfast wrote successful an April 2 X post:

"Every dollar backing FDUSD is wholly secure, harmless and accounted for with US-backed Treasury Bills. The nonstop ISIN numbers of each of the reserves of FDUSD are acceptable retired successful our attestation study and intelligibly accounted for."

First Digital besides indicated they would beryllium taking ineligible enactment against Sun for making the claims connected societal media.

FDUSD loses its dollar peg pursuing online claims. Source: CoinMarketCap

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.