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Justin Sun, TRON CEO, got into a fight with a stablecoin provider First Digital Trust (FDT), accusing them of deceiving clients.
β Justin Sun says: βFirst Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptionsβ.
β FDUSD Stablecoin loses its dollar peg amid the news, dropping 7%.
β FDT denies Justin Sun's claims.
β Justin Sun posted again: βFirst Digital Trust (FDT) is, in fact, already insolvent. This is a factual statement, devoid of any emotionβ.
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