FDT否認賈斯汀·孫破產指控，並表示其穩定的股份得到了美國財政賬單的完全支持

Sun在當天早些時候在社交媒體帖子中提出了指控，他說該公司無償償債，無法處理其穩定的FDUSD的贖回。

First Digital Trust (FDT) has denied claims by Tron founder Justin Sun that the firm is insolvent and unable to process the redemption of its stablecoin.

First Digital Trust（FDT）否認了Tron創始人Justin Sun的主張，該公司賈斯汀·孫（Justin Sun）表示該公司無力償債，無法處理其穩定的贖回。

Earlier today, Sun made the allegations in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD.

今天早些時候，Sun在社交媒體帖子中提出了指控，他說該公司無力償債，無法處理其穩定的股份公司FDUSD的贖回。

The news caused FDUSD to break its peg and fall as low as $0.8726. It has since partially recovered to $0.9870.

這一消息導致FDUSD打破了釘子，下跌高達0.8726美元。此後，它已部分收回至$ 0.9870。

The incident has also raised questions about the stablecoin’s solvency, the transparency of its issuer, and potential systemic implications for Binance, which holds a significant amount of the asset.

該事件還提出了有關穩定幣的償付能力，發行人的透明度以及對二元公司的潛在系統性的疑問，後者擁有大量資產。

Insolvency allegations

破產指控

First Digital emphasized that the dispute involves TrueUSD (TUSD), not FDUSD, and asserted that all FDUSD reserves are fully backed and verifiable through US Treasury Bills.

首先，數字強調的是，爭議涉及Tureusd（TUSD），而不是FDUSD，並斷言所有FDUSD儲備金都是通過美國國庫賬單充分支持和可驗證的。

The company added that the specific ISIN numbers for the reserves are documented in its attestation report. However, the TUSD issuer claims that FDT allegedly misplaced roughly $500 million in TUSD into bad investments.

該公司補充說，儲量的特定ISIN編號已在其證明報告中記錄。但是，TUSD發行人聲稱，據稱FDT將大約5億美元的TUSD放錯了投資中。

First Digital Trust added:

第一個數字信託添加了：

“Every dollar backing $FDUSD is completely, secure, safe and accounted for with US backed T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for.”

“每美元支持$ fdusd都是完全，安全，安全的，並且在我們支持的t-bills上都可以解決。所有FDUSD儲備金的確切ISIN數字都在我們的認證報告中列出，並清楚地考慮了。”

The firm labeled Sun’s statements as a “typical Justin Sun smear campaign to try to attack a competitor to his business.” It said that rather than allowing the legal dispute over TUSD to proceed in court, Sun had launched a “coordinated social media effort to try to damage FDUSD as a business competitor.”

該公司將Sun的陳述標記為“典型的Justin Sun Smear運動，試圖攻擊競爭對手的業務”。它說，Sun並沒有允許TUSD的法律糾紛在法庭上進行，而是發起了“協調的社交媒體努力，試圖損害FDUSD作為商業競爭對手”。

First Digital Trust said it would pursue legal action to protect its rights and reputation. The company also plans to hold an “Ask Me Anything” (AMA) event on X on April 3, right after Justin Sun’s own AMA.

First Digital Trust表示，它將採取法律行動以保護其權利和聲譽。該公司還計劃在賈斯汀·孫（Justin Sun）自己的AMA之後於4月3日舉行“問我任何東西”（AMA）活動。

Tron founder Justin Sun’s public statement urging users to withdraw assets tied to First Digital Trust was the primary catalyst for the depeg.

Tron創始人賈斯汀·孫（Justin Sun）的公開聲明敦促用戶撤回與第一數字信託有關的資產是DEPEG的主要催化劑。

He said:

他說：

“There are significant loopholes in both the trust licensing process in Hong Kong and the internal risk management of its financial system. I urge regulators and law enforcement to take swift action to address these issues and prevent further major losses.”

“香港的信託許可程序和其金融體系的內部風險管理都有重大漏洞。我敦促監管機構和執法部門採取迅速行動來解決這些問題並防止進一步的重大損失。”

Sun added that Hong Kong’s reputation as a global financial center was at stake in this case.

Sun補充說，香港作為全球金融中心的聲譽在這種情況下受到威脅。

Binance exposure under scrutiny

在審查下二手暴露

According to Coinbase head of product business operations Conor Grogan, Binance holds about 94% of the FDUSD supply. This amounts to around $2.2 billion, with $1.5 billion originating from user deposits and $700 million from corporate funds.

根據Coinbase產品業務運營主管Conor Grogan的說法，Binance約有94％的FDUSD供應。這總計約22億美元，其中15億美元來自用戶存款，而公司資金的7億美元。

He added that the FDUSD/BTC pair is historically the most traded on the platform, making the depeg event a significant operational concern.

他補充說，FDUSD/BTC對在歷史上是該平台上交易最多的，使DEPEG活動成為一個重大的運營問題。

AP Collective founder Abhishek Pawa noted that FDUSD’s role within Binance’s infrastructure expanded rapidly after the platform began distancing itself from the Binance USD (BUSD) in early 2023.

AP Collective創始人Abhishek Pawa指出，FDUSD在該平台於2023年初開始遠離Binance USD（BUSD）之後，在Binance的基礎設施中的作用迅速擴展。

That move came in response to US regulatory pressure when the Securities and Exchange Commission (SEC) and NYDFS labeled BUSD, issued by Paxos, a potential unregistered security.

當證券交易委員會（SEC）（SEC）和NYDFS標記為BUSD（由Paxos發行）時，這一舉動是對美國監管壓力的回應。

Binance gradually phased out BUSD incentives, trading pairs, and promotional campaigns, shifting liquidity toward alternatives such as FDUSD, USDT, and TUSD.

Binance逐漸消除了BUSD激勵措施，交易對和促銷活動，將流動性轉移到了FDUSD，USDT和TUSD等替代方案。

The FDUSD crisis marks a stark contrast to the controlled wind-down of BUSD. Unlike BUSD, which was issued by a US-regulated entity, FDUSD was positioned as a more compliant alternative aligned with Hong Kong’s regulatory framework.

FDUSD危機與BUSD受控的降雨形成了鮮明的對比。與由美國監管的實體發行的Busd不同，FDUSD定位為與香港監管框架保持一致的更合規的替代方案。

Binance integrated FDUSD deeply into its ecosystem, making its sudden instability more damaging in both reputational and operational terms.

Binance將FDUSD深入到其生態系統中，從而使其突然的不穩定在聲譽和操作術語中更具破壞性。

According to Abhi, while Binance’s FDUSD reserves reportedly maintain a 111% collateralization, the event has nonetheless cast doubt on the asset’s liquidity and redemption mechanisms.

根據Abhi的說法，儘管據報導，Binance的FDUSD儲備金維持了111％的抵押品，但該事件仍然對資產的流動性和贖回機制產生了懷疑。

He added that the FDUSD’s instability also reopens regulatory questions for Binance. After the BUSD debacle, the platform emphasized its renewed commitment to compliance and transparency.

他補充說，FDUSD的不穩定性還重新打開了對二元的監管問題。在BUSD崩潰之後，該平台強調了其對合規性和透明度的重新承諾。

However, the current episode may prompt renewed scrutiny of its due diligence and risk assessment practices, particularly regarding third-party stablecoin issuers.

但是，當前的發作可能會促使人們對其盡職調查和風險評估慣例進行審查，尤其是第三方Stablecoin發行人。