First 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 […]
Source: https://news.bitcoin.com/fdusd-depegs-after-justin-sun-alleges-first-digital-is-insolvent-amid-456m-dispute/
FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute
