According to the Gate.io News bot and CoinDesk, First Digital Trust has filed a defamation lawsuit against Sun Yuchen in the Hong Kong High Court, suing him for his claim of "insolvency." The case number is HCA 680. First Digital Trust requested the court to issue an injunction to restrict Sun Yuchen from making relevant statements, while also requiring him to publish a retraction and provide compensation. Previously, this accusation led to a brief de-pegging of the stablecoin FDUSD issued by First Digital on April 3, which has since returned to normal. Sun Yuchen continued to make allegations of fraud against the company at a press conference held in Hong Kong and called for regulatory reform. The date for the preliminary hearing in the case has not yet been determined.

BlockBeats news, on April 3rd, according to market data, FDUSD is currently reported at 0.979 USD, with a 24-hour fall of 1.89%, and the current market capitalization is reported at 2.552 billion USD.

ChainCatcher message, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related questions. This AMA is personally answered by FDT founder and CEO Vincent Chok.

The ChainCatcher report shows that as of February 28, 2025, the FDUSD Circulating Supply is 2,041,924,819.94, corresponding to a total reserve asset amount of 2,051,348,188.70 USD. Among these, the reserve assets include U.S. Treasury bonds accounting for 84.5%, overnight repurchase agreements accounting for 1.6%, time deposits accounting for 7.1%, and cash deposits accounting for 6.8%.

BlockBeats news, on April 3rd, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related concerns, with questions personally answered by FDT founder and CEO Vincent Chok.

As of February 28, 2025, the FDUSD Circulating Supply is 2,041,924,819.94, corresponding to a total reserve asset amount of 2,051,348,188.70 USD. The composition of reserve assets includes 84.5% U.S. Treasury bonds, 1.6% overnight repurchase agreements, 7.1% time deposits, and 6.8% cash deposits.

Odaily News First Digital February Reserve Account Report shows that the total reserve assets of First Digital amount to 2,051,348,188.70 USD, with an issuance (Circulating Supply) of 2,041,924,819.94 FDUSD. The reserve assets exceed 100% coverage of the issued FDUSD, meeting the 1:1 reserve requirement.

ChainCatcher News, according to market data, FDUSD's de-pegging situation has eased, and the rebound has exceeded 0.96 USDT in a short time, and is now quoted at 0.9508 USDT.

PANews April 2 news, market shows that due to the severe decoupling of FDUSD, the price of BTC in the BTC/FDUSD trading pair briefly rose to 98950 USD.

BlockBeats News, on April 2, according to market data, FDUSD was unanchored after Justin Sun posted that "the entity behind it has gone bankrupt and cannot fulfill customer fund redemption obligations", with a price of 0.9949 USDT as of press time.

Justin Sun posted on April 2 that FDUSD issuer First Digital Trust (FDT) is bankrupt and unable to fulfill its obligations, advising users to protect their assets. There are risks in Hong Kong's financial system, and regulators are urged to take steps to prevent losses. Hong Kong's reputation as a financial centre has been tarnished, and financial fraud must be eradicated.

PANews 11月20日消息，据官方消息，First Digital

Golden Finance reported that the stablecoin issuer First Digital Labs announced that FDUSD will be on Solana

BlockBeats news, on April 6, according to Coinglass data, the net inflow of cryptocurrency spot funds in the past 7 days is as follows: FDUSD net inflow of 170 million USD; NEO net inflow of 27.14 million USD; OM net inflow of 14.18 million USD; the net outflow of cryptocurrency spot funds is as follows: Bitcoin net outflow of 165 million USD; Ethereum net outflow of 136 million USD; SOL net outflow of 119 million USD.

Odaily Planet Daily News According to DefiLlama data, the Stable Coin product USD0, developed by the Stable Coin developer Usual and backed by real-world assets, has a Market Cap of 1.813 billion USD, surpassing the FDUSD Market Cap (1.71 billion USD) and rising to fifth place in the Stable Coin rankings; rise in the past month

BlockBeats news, on April 3, FDUSD issuer First Digital stated, "The market price of FDUSD shows signs of stabilization, and the latest data indicates it is gradually returning to the 1 USD peg. As of the latest update, the trading price of FDUSD is approximately 0.99."

BlockBeats news, on April 3, FDUSD issuer First Digital stated that the initial redemptions after the FUD have been processed. FDUSD remains fully backed 1:1, its redemption channels are operating smoothly, and it will continue to process all redemption requests in a timely manner.

Odaily News According to First Digital, in response to the recent market FUD, FDUSD has completed the first batch of redemption requests, and the corresponding destruction transactions can be viewed on-chain. The official reiterates that FDUSD still maintains a 1:1 full backing, the redemption channel is running smoothly, and all redemption requests will continue to be processed in a timely manner.

BlockBeats news, on April 3, according to Coinglass data, the net inflow of cryptocurrency spot funds in the past 24 hours is as follows: Bitcoin net inflow of 187 million USD; FDUSD net inflow of 118 million USD; NEO net inflow of 12.02 million USD. The net outflow of cryptocurrency spot funds is as follows: SOL net outflow of 56.07 million USD; XRP net outflow of 34.83 million USD; BR net outflow of 34.17 million USD.

According to BlockBeats news on April 3, data from the FDUSD issuer's official website shows that the total circulating supply of FDUSD is currently about 2.449 billion tokens, mainly circulating on Ethereum, with a circulating supply of 2.072 billion tokens. In addition, FDUSD is also circulating on the Solana, BSC, and Sui networks.

Odaily News gate has launched FDUSD Perptual Futures spot trading (USDT Settlement), supporting 1-50x leverage.

ChainCatcher news, according to official sources, FDUSD stablecoin has now been launched on Solana. FDUSD is a stablecoin backed by First Digital with US dollars and dollar equivalents (such as US Treasury bonds). As of January 13, Ethereum, BSC, and Sui have issued more than 1.7 billion US dollars

According to official sources, SUI has been listed on FDUSD. This makes SUI the first blockchain to be expanded since FDUSD was launched last summer. Sui indicates that FDUSD will enhance the Liquidity and efficiency of trading, further connecting TradFi with the expanding digital economy. Over the past 6 months, FDUSD has become the largest 1:1 in the market.

Odaily Planet Daily News Stable Coin payment infrastructure provider BVNK is partnering with First Digital, the parent company behind First Digital USD. Through the new partnership, BVNK and First Digital aim to leverage the growing demand for fast, reliable, and cost-effective digital payment solutions, and drive the FDUSD forward.

According to SoSoValue data, the inflow of US dollars into the Cryptocurrency market reached 6.283 billion USD last week, setting a new weekly inflow record since January 2022. Among them, the net inflow of US BTC and ETH spot ETFs reached 1.792 billion USD, and the net inflow of Fiat Currency-backed Stable Coin reached 4.492 billion USD. The total net inflow into the Cryptocurrency market reached 183.19 billion USD.

In June, the stable coin market was relatively stable, with USDT dominating the market with a market cap of $112.65 billion, followed by USDC with a market cap of $32.24 billion. The phenomenon of stable coin reduction is common, with FDUSD's market cap falling by 28.5%, and Makerdao's DAI market cap dropping to $5.13 billion. Ethena's USDE rose by 21.4%, while other stable coin markets experienced relatively small fluctuations.