Sun Yuchen and the truth about First Digital Trust liquidity

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On April 3, the official account of First Digital Trust (FDT), the issuer of FDUSD, declared on social media that Justin Sun's recent accusations against FDT are completely false. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital affirms that they are fully capable of liquidation. Each USD in FDUSD's reserves is fully guaranteed by US Treasury bonds, safe, trustworthy, and fully traceable.

The ISIN numbers of all reserve bonds have been clearly listed in the publicly disclosed certification report. This is merely a typical smear campaign by Justin Sun against his business rival. Before the TUSD dispute entered the judicial process, Justin Sun had proactively launched a coordinated social media attack against the rival FDUSD. First Digital will take legal measures to protect its interests and reputation.

This information only provides market information and does not constitute investment advice.

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