‘Smear Campaign’: First Digital Responds Forcefully to Justin Sun’s Attacks

• First Digital calls Justin Sun’s FDUSD insolvency claims ‘false’, asserts full backing
• FDT accuses Sun of ‘smear campaign’, avoiding legal routes for TUSD issues
• FDT plans Q&A today (Thurs) & legal action; Sun’s claims followed FDUSD dip

First Digital Trust (FDT), the issuer of the FDUSD stablecoin, has come out strongly against Tron founder Justin Sun’s warnings on their stablecoin’s safety. In an X post, First Digital called out Sun’s “false statements,” asserting the FDUSD stablecoin remains fully backed by US Treasury bonds and assured users of its safety.

【严正声明】

关于孙宇晨（Justin Sun）近期对First Digital Trust的不实指控，本公司作出如下郑重回应：

1. 所述争议仅涉及TUSD，与FDUSD完全无关。First Digital财务状况稳健，具备充分偿付能力。
2.…

— First Digital (@FirstDigitalHQ) April 3, 2025

First Digital Refutes Justin Sun’s Claims, Asserts FDUSD Backing

First Digital clarified that the ongoing compliance dispute with Hong Kong regulators, highlighted by Sun, only involves TUSD, a stablecoin issued by Techteryx, not FDUSD or FDT. 

First Digital asserted their stablecoin is financ…

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