FDUSD issuer refutes Justin Sun’s insolvency allegations, calls it a ‘smear campaign’

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD. source: https://cryptoslate.com/fdusd-issuer-refutes-justin-suns-insolvency-allegations-calls-it-a-smear-campaign/