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BitcoinFDUSD Depegs After Justin Sun Alleges First Digital Is...
Bitcoin

FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute

Felicity Short
By Felicity Short

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FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M DisputeFirst Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that same […]



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