First Digital Trust (FDT) Responds to Justin Sun with an Official Statement on Social Media! Here Are the Details

First Digital Trust (FDT) has issued an official statement on social media, vehemently denying the latest allegations made by Tron founder Justin Sun. First Digital Trust Denies Justin Sun's Claims, Plans Legal Action The company clarified that the dispute was only related to TUSD (TrueUSD) and was completely unrelated to FDUSD (First Digital USD). Highlights from First Digital Trust’s Statement: FDUSD is fully backed by US Treasury bonds, providing complete security and transparency. The company confirmed its strong financial health and full solvency by stating that $87 million worth of FDUSD redemptions were successfully completed in the last 24 hours, banking operations are continuing smoothly, and market prices are stable. The allegations are baseless and aimed at harming competitors. First Digital Trust accused Justin Sun of orchestrating a smear campaign against FDUSD to undermine a rival project. The company stated that despite Sun’s claims, no legal action had been taken over the past three years over TUSD issues, indicating a lack of legal standing. First Digital Trust will take legal action to protect its reputation and investor interests. The company has also provided a link to an audit report to support its claims and ensure transparency. Upcoming Public Q&A Session To address concerns, First Digital Trust will host an online Q&A session on X Space at 3:00 PM on April 3, where further clarification will be provided. This development adds to the ongoing debate between Justin Sun and First Digital Trust, underscoring the growing tension in the stablecoin industry. *This is not investment advice. Continue Reading: First Digital Trust (FDT) Responds to Justin Sun with an Official Statement on Social Media! Here Are the Details