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First Digital to 'Pursue Legal Action' Over Justin Sun Allegations as FDUSD Drops

The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.

Justin Sun of TRON and Zak Folkman of World Liberty Financial speaks at Consensus Hong Kong 2025 by CoinDesk (CoinDesk/Personae Digital)
Justin Sun of TRON and Zak Folkman of World Liberty Financial speaks at Consensus Hong Kong 2025 by CoinDesk (CoinDesk/Personae Digital)