First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 1,678,267,238.963664. The last known price of First Digital USD is 0.99771954 USD and is down -0.04 over the last 24 hours. It is currently trading on 505 active market(s) with $2,564,750,092.82 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.
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First Digital Labs has published a new report confirming that its FDUSD stablecoin remains fully backed by reserves, as it faces fraud accusations from Justin Sun. The post FDUSD Stablecoin Fully Backed, Says First Digital Labs Amid Justin Sun Fraud Allegations appeared first on Cryptonews.
First Digital Labs has released a new attestation report confirming that its FDUSD stablecoin is fully backed despite ongoing fraud accusations from Tron founder Justin Sun. According to the report published on Apr.
First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun.First Digital USD (FDUSD) depegged on April 2, briefly falling as low as $0.87 after Sun claimed that First Digital was insolvent. On April 4, Sun doubled down on his allegations, claiming the firm transferred over $450 million of customer funds to a Dubai-based entity and that it violated Hong Kong securities regulations.