FDUSD Issuer: Justin Sun Makes False Statements, Company Has Full Payment Capability

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) at 4:00 PM in Hong Kong time to provide more details regarding this matter.