FDUSD Issuer: Justin Sun Makes False Statements, Company Has Full Payment Capability

BlockBeats News, April 3rd, FDUSD issuer First Digital Trust (FDT) officially stated on social media that Justin Sun's recent accusations against First Digital Trust are completely false. This dispute only involves TUSD and is unrelated to FDUSD. First Digital Trust has full solvency.

The official statement mentioned that each dollar of FDUSD is fully backed by US Treasury bonds, making it secure, reliable, and completely traceable. The ISIN numbers of all reserve Treasury bonds are clearly listed in the published attestation report. This is nothing but a typical smear campaign by Justin Sun against a business competitor. Justin Sun did not wait for the TUSD dispute to enter the legal process but instead initiated a coordinated attack on social media in an attempt to undermine the business competitor FDUSD. First Digital Trust will take legal action to protect its rights and reputation.

First Digital Trust will host an AMA livestream on X platform on April 3, 2025 (Thursday) at 4:00 PM Hong Kong time to provide further details on this matter.