‘Smear Campaign’: First Digital Responds Forcefully to Justin Sun’s Attacks

• First Digital calls Justin Sun’s FDUSD insolvency claims ‘false’, asserts full backing
• FDT accuses Sun of ‘smear campaign’, avoiding legal routes for TUSD issues
• FDT plans Q&A today (Thurs) & legal action; Sun’s claims followed FDUSD dip

First Digital Trust (FDT), the issuer of the FDUSD stablecoin, has come out strongly against Tron founder Justin Sun’s warnings on their stablecoin’s safety. In an X post, First Digital called out Sun’s “false statements,” asserting the FDUSD stablecoin remains fully backed by US Treasury bonds and assured users of its safety.

First Digital Refutes Justin Sun’s Claims, Asserts FDUSD Backing

First Digital clarified that the ongoing compliance dispute with Hong Kong regulators, highlighted by Sun, only involves TUSD, a stablecoin issued by Techteryx, not FDUSD or FDT. 

First Digital asserted their stablecoin is financ…

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