FDUSD Transiently Depegs Over Insolvency Concerns; Market Maker Wintermute Alleged to Capitalize with $3 Million Arbitrage
4 Apr 2025 1 minute read 0 comments KMatt $0.17
The stablecoin First Digital USD (FDUSD) experienced a short-term depeg from its intended $1 valuation on April 2, 2025, following public insolvency allegations leveled by Tron founder Justin Sun against the stablecoin issuer First Digital. Although...