First Digital Releases New Transparency Report: Nearly 1 billion FDUSD Redeemed So Far

First Digital has released a new issue of its Transparency Report, revealing that the total supply of FDUSD tokens is: 91,975,825.91 on the BSC chain, 2,328,524,138.71 on the Ethereum chain, and the dollar balance in the reserve account is at least equal to or greater than $2,588,088,088.17, respectively.
First Digital reiterated that the client's assets are completely segregated from the company's equity fund, and that these assets will not be mixed or used to satisfy any third-party claims against FDT's balance sheet. FDUSD can be redeemed at a ratio of 1:1, and nearly 1 billion have been redeemed to date. Sun previously released the "seven deadly sins" of First Digital Trust (FDT), pointing out that it violated trustee obligations, misused customer funds, violated anti-money laundering obligations, and had false declarations or concealment.