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First Digital Trust
Justin Sun Calls for Reform of Hong Kong's Trust Laws After TUSD Misappropriation Allegations
Sun said at a press conference that the current laws contain systemic loopholes.
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.
Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push
FDUSD has quickly become the fourth-largest stablecoin since its launch last year under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion.
Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth
Stablecoin supply is a "thermometer" for money flows entering the crypto market, one analyst noted.
TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Binance Boosts First Digital's Stablecoin With Zero Fees to Buy and Sell Bitcoin, Ether
The crypto exchange listed the Hong Kong-regulated First Digital's FDUSD stablecoin last week.
BnkToTheFuture Steps Away From Banks Citing Mounting Risk to Clients' Assets
The online investment platform is moving clients' crypto and fiat assets to a Hong Kong-based trust company.
Legacy Trust's Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions.
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations.
