First Digital Trust (FDT), the issuer of FDUSD, said in a post on social media that Justin Sun's recent accusations against First Digital Trust are completely false. The dispute involves only TUSD and has nothing to do with FDUSD. First Digital is fully solvent.
According to the official, every dollar of FDUSD's reserves is fully backed by US Treasury bonds, which is safe and reliable and fully traceable. The ISIN numbers of all reserve Treasury bonds have been clearly listed in the published authentication report. This is just a typical smear act by Justin Sun against commercial competitors. Justin Sun took the lead in launching a coordinated attack on social media in an attempt to attack the commercial competitor FDUSD before the TUSD dispute entered judicial proceedings. First Digital will take legal measures to safeguard its rights and goodwill.
First Digital Trust will hold an AMA live broadcast on the X platform on Thursday, April 3, 2025 at 4:00 pm Hong Kong time to explain the event.
FDUSD issuer: Justin Sun makes false claims that the company is fully solvent
2025-04-02 16:33:57
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