PANews reported on April 3rd that First Digital Trust (FDT), the issuer of FDUSD, officially stated on social media that Justin Sun's recent allegations against First Digital Trust are completely false. This controversy only involves TUSD and has nothing to do with FDUSD. First Digital has full solvency.
The official statement claimed that each dollar of FDUSD reserves is fully backed by US Treasury bonds, which are secure, reliable, and fully traceable. All reserve bond ISIN numbers have been clearly listed in the published certification report. This is merely a typical smear tactic by Justin Sun against a commercial competitor. Justin Sun initiated a coordinated attack on social media before the TUSD dispute entered judicial proceedings, attempting to undermine the commercial competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.
