First Digital redeems $26M after FDUSD depeg, dismisses Sun insolvency claims

First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD FDUSD - $0.998784592352190 token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun.First Digital USD FDUSD FDUSD - $0.998784592352190 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.

Source: cointelegraph.com

Related symbols: SIRIUSUSD

2025-04-04 12:29:02 GMT.

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Price & Market Data

Price: $0.998784592352190

Volume 24h: $3,581,350,293.94

Market Cap: $495,709,935.68

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 506,313,158.489671. The last known price of First Digital USD is 0.99934294 USD and is up 0.01 over the last 24 hours. It is currently trading on 621 active market(s) with $4,776,258,363.82 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.