First Digital USD (FDUSD) news

Weekly News Preview | Federal Reserve Announces Interest Rate Decision; Stable Mainnet Launch

This week's top news highlights from December 8 to December 14.

Bloomberg: FDUSD issuer First Digital plans to go public in the US through a SPAC merger

Financial authorities in Serbia to implement crypto monitoring system

Venus Protocol Security Strength: How $13M in Drained User Funds Was Recovered in Hours

Reliable lending protocols are the backbone of DeFi. Many users rely on them to deposit significant amounts of capital, enabling borrowing, lending, and participation in a variety of decentralized finance strategies. Venus Protocol, one of the leading multichain lending platforms with more than $2.6 billion in TVL, recently demonstrated both its resilience and strong onchain

Returning to "Payments": From Crypto to TradFi, What Is the Bigger Narrative for Stablecoins?

Yiwu merchants have started using stablecoins such as USDT for cross-border payments, addressing the high costs and inefficiencies associated with traditional bank transfers. Stablecoins demonstrate advantages such as low costs and fast transaction settlements in cross-border payments, and are gradually becoming a new choice for global small and micro trade. Summary generated by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

First Digital Labs Expands Its Reach by Moving FDUSD Issuance to BVI

Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

USDT Dominates Stablecoin Market with 62.54% Share as DAI Leads Mid-Tier Activity

GENIUS Act Threatens Tether With U.S. Ban Over Reserves

GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?

FDUSD now live on Arbitrum to support DeFi growth

Data: Total Stablecoin Supply Reaches $245.3 Billion

New Stablecoin Regulations Open a Fresh Era in Hong Kong’s Crypto Market

In Brief Hong Kong introduces a new stablecoin law, ensuring transparency and reliability. The regulation permits only stablecoins backed by legal currencies to receive licenses. The global stablecoin market sees rapid growth, led by Tether (USDT).

World Liberty Financial’s USD1 Stablecoin Exceeds $2 Billion Market Capitalization

WLFI’s USD1 stablecoin has rapidly grown to a $2.1 billion market cap, becoming a top contender among stablecoins. Its swift rise and strategic initiatives suggest a strong future, though concerns remain about its political ties.

INIT crypto surges 36% post-launch, edging towards $1 as volume explodes over 45,000%

WalletConnect (WCT) Launches on Binance Launchpool Ahead of Spot Listing

A risk-first approach to DeFi

First Digital Trust sues Justin Sun for defamation over “insolvency” allegation

Share link:In this post: First Digital Trust filed a defamation lawsuit against Justin Sun after he publicly claimed the company was insolvent. Sun’s accusations caused the FDUSD stablecoin to briefly de-peg to $0.87 on April 3 before it recovered. FDT requested a court injunction to stop Sun from repeating his claims and demanded that he retract his statements.

Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner?

Trump urges the Fed to slash interest rates amid rising China tariffs. Markets reel as Trump blames China and past U.S. leaders for economic abuse. Traders eye Bitcoin as a hedge against political chaos and policy pivots.

FDUSD Defies FUD with $170M Inflow Against Trend of Major Crypto Outflows

$50 Million Bounty Offered by Tron’s Justin Sun to Recover Stolen Trueusd Reserves

Justin Sun offers $50M bounty for proof that First Digital Trust hid funds and crashed TUSD

Share link:In this post: Justin Sun continues to claim Hong Kong trust law allowed First Digital Trust to divert funds and leave its stablecoins without sufficient backing. Sun is offering $50M bounty for all information, whether insider data or on-chain evidence of insolvency. Previously, Sun supported TUSD with a loan of $500M, as the issuer Techteryx was caught up in illiquid investments.

Sui eco-deal Scallop ranks fourth among all lending agreements for both fees and revenue over the past seven days

Justin Sun Accuses First Digital Trust of $500M Embezzlement, FDT Denies Claims

Tron founder Justin Sun has taken legal action against First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, alleging the company misappropriated nearly $500 million in client funds.

Justin Sun targets First Digital Trust with $50 million bounty over alleged embezzlement

Wintermute Profits as FDUSD Regains Its Peg

Wintermute redeems 75M FDUSD after the stablecoin depegged, likely profiting from discounted buys.Capitalizing on a Depeg OpportunityHow Stablecoin Arbitrage WorksImplications for the Market

FDUSD Loses Peg After Justin Sun Raises Solvency Concerns About First Digital Trust

Justin Sun’s allegations of FDUSD insolvency cause 9% depeg

The Binance-affiliated stablecoin lost about $200M of market capitalization

Urgent Alert: Justin Sun Uncovers Shocking $500M FDUSD Embezzlement in Hong Kong

Since decoupling from FDUSD, Wintermute has transferred 75 million FDUSD to First Digital Labs