Circle Issues 250 Million USDC on the Solana Network

On April 3rd, Justin Sun made a post on social media and said, "I don't recommend that anyone overinterprets my words, especially when it comes to my closest partners. I have trust in them - this trust has been established over the past ten years through long-term collaborations that involve billions of dollars. I firmly believe that this trust remains consistent and unbreakable."

On April 3rd, the issuer of FDUSD, First Digital Trust (FDT), is currently conducting an AMA on X to address community-related concerns. This AMA is being personally carried out by FDT's Founder and CEO, Vincent Chok.

On April 3rd, He Yi, a co-founder of Binance, responded to relevant questions on social media. Binance promoted the stablecoin of Launchpool and will conduct regular fund audits with its own risk controls. The Binance team is also looking into FDUSD to try to understand the situation. The earliest comments (indicating that it can be redeemed 1:1) were merely based on logical reasoning. BNB does not have a large holder group or insider group. At that time, many people were asking whether there would be any problems with Binance Launchpool's FDUSD. The customer service representative Sisi casually replied in a certain community based on her own judgment, but her judgment does not represent the FDUSD company.

On April 3, the data indicates that within the past 1 hour (from 23:30 to 00:30), the trading volume of the FDUSD/USDT trading pair on the Binance platform reached 770 million tokens, and the transaction value was 7.45 billion U.S. dollars.

On April 3rd, the issuer of FDUSD, First Digital Trust (FDT), officially declared on social media that Justin Sun's recent accusations against First Digital Trust are entirely untrue. This dispute only pertains to TUSD and has nothing to do with FDUSD. First Digital Trust has full solvency. The official statement noted that each dollar of FDUSD is fully backed by US Treasury bonds, ensuring its security, reliability, and complete traceability. The ISIN numbers of all reserve Treasury bonds are clearly presented in the published attestation report. This is merely a typical smear campaign by Justin Sun against a business competitor. Instead of waiting for the TUSD dispute to enter the legal process, Justin Sun launched a coordinated attack on social media in an attempt to undermine the business competitor FDUSD. First Digital Trust will take legal action to safeguard its rights and reputation. First Digital Trust will hold an AMA livestream on the X platform on April 3, 2025 (Thursday)

On April 3rd, a co-founder of Binance, He Yi, stated on social media: "Justin Sun is suing TUSD instead of FDUSD."