FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust's solvency; Binance alone holds ~$2.2B worth of FDUSD (Daniel Kuhn/The Block) 02-04-2025

Daniel Kuhn / The Block:
FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD — – Justin Sun is warning users to pull funds from First Digital Trust, a Hong Kong-based firm once employed by TrueUSD’s owner Techteryx as a fiduciary.