#fdusd — Public Fediverse posts

First Digital Trust Files Defamation Claim Against Justin Sun - Justin Sun's allegations that Hong Kong-based custodian First Digital Trust is ins... - https://www.coindesk.com/policy/2025/04/09/first-digital-trust-serves-justin-sun-with-defamation-claim #firstdigitaltrust #justinsun #hongkong #policy #fdusd

#FDUSD, the stablecoin that drives most bitcoin and ethereum trading on the world’s largest crypto exchange (#Binance), appears to imploding in the aftermath of the revelations of various Hong Kong court filings about how First Digital (the company behind FDUSD) is insolvent.

Trump’s business advisor/partner/whatever Justin Sun, who is of course connected to this disaster, just promised the world a press conference on a “Major Industry Event”.

🍿

#FirstDigital #JustinSun #trump #uspol #hongkong #crypto #TrumpCoin #WorldLibertyFinancial

#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

https://protos.com/justin-sun-bailed-out-500m-stablecoin-tusd-report/

#corruption #uspol #asia #hongkong #crime #TrueUSD #WorldLibertyFinancial #WLFI #crime #Trump #TrumpCoin #USD1 #FirstDigital

First Digital to 'Pursue Legal Action' Over Justin Sun Allegations as FDUSD Drops - FDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 pr... - https://www.coindesk.com/markets/2025/04/02/first-digital-to-pursue-legal-action-over-justin-sun-allegations-as-fdusd-drops #firstdigitaltrust #stablecoin #justinsun #markets #fdusd

@Sibshops binance offers pretty much every trading pair. historically tether is actually often not even the most popular stablecoin on binance, because binance chooses to make certain pairs "no fee" (and since 2022 it's rarely Tether).

during "crypto winter" it was TUSD (#JustinSun) and then they switched it to #FDUSD (First Digital USD, run by literal ponzi scammers in Asia).

all that said, Binance is definitely part of the Tether cartel.

FDUSD Integrates with FOMO Pay on Ethereum and Solana, Enables Payments to Merchants - First Digital, the group behind the FDUSD stablecoin, has joined hands with FOMO P... - https://cryptonews.com/news/fdusd-integrates-with-fomo-pay-on-ethereum-and-solana-enables-on-chain-stablecoin-payments-to-merchants/ #altcoinnews #stablecoin #payments #fdusd

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand - In the past month, the stablecoin market has kept its upward momentum, with four o... - https://news.bitcoin.com/stablecoin-market-adds-1b-in-six-days-as-major-tokens-expand/ #stablecoineconomy #cryptocurrency #digitalassets #marketgrowth #stablecoins #altcoins #tether #fdusd #usdc #usde #dai

BNB Chain to Promote Gasless Stablecoin Transactions With Exchanges, Wallets, and Bridges - BNB Chain has announced new developments aimed at becoming the core infrastructure... - https://news.bitcoin.com/bnb-chain-to-promote-gasless-stablecoin-transactions-with-exchanges-wallets-and-bridges/ #gaslesstransfers #newsbytes-5 #newsbytes #bnbchain #fdusd #usdc #usdt

BNB Chain introduces gasless stablecoin payments initiative - BNB Chain partners with major CEXs and wallets to introduce gasless stab... - https://cointelegraph.com/news/bnb-chain-stablecoin-gasless-transactions-september-2023-update #gaslesstransactions #cryptobridges #web3adoption #stablecoins #bnbchain #wallets #fdusd #usdt #usdc #cexs

Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins - In the past 15 days, the stablecoin economy experienced modest yet steady expansio... - https://news.bitcoin.com/stablecoin-economy-expands-1-08b-in-2-weeks-despite-reductions-in-key-coins/ #cryptocurrency #cryptoeconomy #marketgrowth #blockchain #stablecoin #altcoins #tether #fdusd #usdc #usdt #dai

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead - Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, h... - https://news.bitcoin.com/usde-drops-to-5th-place-among-stablecoins-as-fdusd-jumps-ahead/ #firstdigital #fdusdvolume #stablecoins #ethenausde #stablecoin #marketcap #altcoins #ethena #fdusd #yield #usde

Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M - The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intr... - https://news.bitcoin.com/bitcoin-peaks-at-69404-as-short-liquidations-surpass-27m/ #marketsandprices #liquidations #markettrends #tradingpairs #bitcoin #tether #fdusd #gains #btc #usd

Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD - This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billio... - https://news.bitcoin.com/ethenas-usde-stablecoin-surpasses-3-billion-flipping-first-digitals-fdusd/ #marketvaluation #cryptocurrency #stablecoin #ethena.fi #altcoins #crypto #ethena #fdusd #yield #usde

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts - The stablecoin market has experienced modest growth over the past two weeks, with ... - https://news.bitcoin.com/fdusd-supply-shrinks-by-29-amid-stablecoin-supply-shifts/ #stablecoinmarket #cryptocurrency #altcoins #crypto #fdusd #pyusd #gusd #usdc #usde #usdt

Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth - Over the past 19 days, the stablecoin economy has stabilized with negligible growt... - https://news.bitcoin.com/stablecoin-market-stabilizes-at-160-billion-fdusd-and-pyusd-lead-growth/ #cryptocurrency #tradingvolume #marketgrowth #stablecoins #fiattokens #altcoins #crypto #fdusd #usdt

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash - This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160... - https://news.bitcoin.com/stablecoin-market-hits-160-billion-reaching-heights-not-seen-since-terras-crash/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation - Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bri... - https://news.bitcoin.com/stablecoin-market-climbs-2-81b-in-a-week-nearing-160b-valuation/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #usdc #dai

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up - The fifth-largest stablecoin in the crypto economy by market capitalization, Ethen... - https://news.bitcoin.com/usde-and-fdusd-experience-brief-depegs-amid-saturdays-crypto-market-shake-up/ #depeggingincident #cryptocurrency #firstdigital #stablecoins #altcoins #crypto #ethena #depeg #fdusd #usde

Stablecoin Market Expands by $4.46 Billion in 12 Days - In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, rea... - https://news.bitcoin.com/stablecoin-market-expands-by-4-46-billion-in-12-days/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #usdc #dai

First Digital Labs to Launch FDUSD on L1 Blockchain Network Sui - The stablecoin issuer First Digital Labs has announced its intention to debut its ... - https://news.bitcoin.com/first-digital-labs-to-launch-fdusd-on-l1-blockchain-network-sui/ #decentralizedfinance #firstdigitallabs #digitalcurrency #cryptocurrency #stablecoin #altcoins #crypto #fdusd #defi #sui

Stablecoin FDUSD Integrates Sui Blockchain After Ethereum and BNB Chain - First Digital’s native stablecoin FDUSD, which has a market cap of over $3 billion, is no... - https://cryptonews.com/news/stablecoin-fdusd-integrates-sui-blockchain.htm #altcoinnews #fdusd #news #sui

Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push - FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hon... - https://www.coindesk.com/business/2024/04/10/hong-kong-based-first-digitals-3b-stablecoin-arrives-to-sui-network-in-defi-push/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #firstdigitaltrust #stablecoin #finance #fdusd #news #sui

Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE - This month we have witnessed a continuous expansion in the stablecoin domain, ecli... - https://news.bitcoin.com/stablecoin-market-swells-with-growth-in-march-led-by-ethenas-usde/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days - The stablecoin sector achieved a significant milestone on March 20, 2024, hitting ... - https://news.bitcoin.com/stablecoin-market-surpasses-150b-a-first-in-18-months-after-980m-growth-in-5-days/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B - In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billi... - https://news.bitcoin.com/stablecoin-sector-expands-by-4-95b-in-12-days-usde-sees-376-supply-increase-tether-hits-103b/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth - Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat... - https://news.bitcoin.com/fdusd-climbs-the-stablecoin-ladder-fueled-by-trading-volume-and-supply-growth/ #dollar-peggedcrypto #cryptocurrency #stablecoins #altcoins #bluechip #crypto #tether #fdusd #usdt

Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374% - The stablecoin sector experienced a $3.26 billion expansion within the last eight ... - https://news.bitcoin.com/stablecoin-sector-sees-3-26-billion-growth-spurt-tether-nears-100b-milestone-usde-supply-swells-by-374/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players - In the opening fortnight of February, the stablecoin domain expanded by $1.7 billi... - https://news.bitcoin.com/stablecoin-market-jumps-by-over-2-5-billion-in-10-days-led-by-rise-in-key-players/ #digitalcurrencies #ethenausde(usde) #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai

Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth - Statistics reveal that since the onset of February 2024, the stablecoin sector has... - https://news.bitcoin.com/stablecoin-sector-swells-by-1-7-billion-in-february-usdc-and-fdusd-lead-supply-growth/ #digitalcurrencies #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #usdc #dai