FDUSD Experiences Deppegging

Source
JH Kim

Summary

  • It was reported that FDUSD experienced deppegging and fell to $0.9826.
  • Justin Sun expressed concerns about the repayment ability of First Digital Trust.
  • These concerns reportedly influenced FDUSD's value decline and the occurrence of deppegging.

Deppegging is occurring in FDUSD. FDUSD is trading at $0.9826, down 1.58% from the previous day as of 01:10 on the 3rd, based on the Binance Tether (USDT) market.

Previously, after Justin Sun, the founder of TRON (TRX), raised concerns about the repayment ability of First Digital Trust (FDT), a Hong Kong virtual asset (cryptocurrency) custodian, FDUSD fell, leading to deppegging.

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JH Kim

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