On April 3, FDUSD publisher First Digital Trust (FDT) officially posted on social media that Justin Sun's recent allegations against First Digital Trust are purely false. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital is fully solvency.
Officials say that every dollar reserve of FDUSD is fully endorsed by U.S. Treasury bonds, which are safe, reliable and fully traceable. All ISIN numbers for reserved Treasury bonds have been clearly listed in the published forensic report. This is nothing more than a typical smear by Justin Sun against his business competitors. Before the TUSD dispute entered the judicial process, Justin Sun was the first to launch a collaborative attack on social media in an attempt to crack down on business rival FDUSD. First Digital will take legal measures to protect rights and goodwill.
First Digital Trust will be broadcast live on AMA on Platform X on Thursday, April 3, 2025 at 4 pm Hong Kong time to explain the incident.
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