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

The stablecoin FDUSD deviated from its price peg after Tron founder Justin Sun alleged that First Digital Trust is 'effectively insolvent. ' The company strongly denied these claims and announced legal action. source: https://www.bankless.com/read/first-digital-to-pursue-legal-action-over-justin-sun-allegations-as-fdusd-drops