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Hong Kong investigates trust companies amid Justin Sun’s claims against First Digital Trust

Hong Kong investigates trust companies amid Justin Sun’s claims against First Digital Trust

Johnny Jiezhuang Wu, chairman of the Hong Kong Legislative Council Web3 and Digital Assets subcommittee, has announced that legislators are investi...
Apr, 03, 2025
3 min read
by CryptoPolitan
First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions

First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions

A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thr...
Apr, 02, 2025
2 min read
by The Daily Hodl
USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens...
Sep, 03, 2024
by Bitcoin News
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid mark...
Apr, 14, 2024
by Bitcoin News
GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and Firs...
Aug, 03, 2023
2 min read
by Bitcoin News