First Digital Trust (FDT) has issued an official statement on social media, vehemently denying the latest allegations made by Tron founder Justin Sun.
Statement from First Digital Trust
The company clarified that the dispute was only related to TUSD (TrueUSD) and was completely unrelated to FDUSD (First Digital USD).
Basis of Allegations
FDUSD is fully backed by US Treasury bonds, providing complete security and transparency. The company confirmed its strong financial health and full solvency by stating that $87 million worth of FDUSD redemptions were successfully completed in the last 24 hours, banking operations are continuing smoothly, and market prices are stable.
Upcoming Investor Meeting
To address concerns, First Digital Trust will host an online Q&A session on X Space at 3:00 PM on April 3, where further clarification will be provided.
This development adds to the ongoing debate between Justin Sun and First Digital Trust, underscoring the growing tension in the stablecoin industry.
