#firstdigital — Public Fediverse posts

#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”.

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#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

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

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