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FDUSD Depegs to $0.87 Following Justin Sun's Lawsuit Against First Digital Trust
Apr 03, 2025
Tron founder Justin Sun filed a lawsuit against First Digital Trust (FDT) Monday, alleging insolvency regarding its TUSD stablecoin, causing another FDT product, FDUSD, to temporarily lose its dollar peg and fall to $0.87 despite not being directly implicated in the legal action. What to Know: FDUSD
Why Justin Sun Just Poured $30M Into Trump's Crypto Platform
Nov 27, 2024
Justin Sun, founder of TRON, has injected a significant $30 million into Donald Trump's crypto venture, World Liberty Financial (WLFI), marking a substantial endorsement. This strategic investment positions Sun as the primary backer of the project. It consolidates WLFI's place within the burgeoning
Coinbase Delists WBTC Amid Concerns Over Justin Sun's Protocol Influence
Nov 20, 2024
Yesterday crypto exchange Coinbase revealed that Wrapped Bitcoin (WBTC) will be suspended from trading from December 19. This WBTC token suspension will span across various products of the crypto exchange including Coinbase Prime and Coinbase.com. This decision was made after a routine asset review
Justin Sun's USDD Stablecoin Loses Bitcoin Backing, Pivots to TRX Only
Aug 23, 2024
TRON DAO Reserve's USDD stablecoin has lost its Bitcoin backing. The move was spotted on social media Tuesday. It's left USDD relying mainly on TRX, Tron's native token. A whopping 12,000 BTC vanished from USDD's collateral address. That's about $726 million gone. No official announcement came from
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