fdusd stablecoin depegged，引起了對香港監管框架的擔憂

FDT是FDUSD Stablecoin背後的發行人，據報導，面臨破產，並停止了客戶基金贖回，引發了重大關注

First Digital Trust (FDT), the issuer of the FDUSD stablecoin, is reportedly facing insolvency and has halted client fund redemptions, according to a report by the Korea Economic Daily. The development comes as the cryptocurrency industry grapples with increasing instability in the stablecoin sector.

根據《韓國經濟日報》的一份報告，FDUSD Stablecoin的發行人First Digital Trust（FDT）正面臨破產，並停止了客戶基金的贖回。該發展是隨著加密貨幣行業與Stablecoin部門不穩定的努力陷入困境。

The report claims that FDT, a company registered in Hong Kong, has become insolvent and is unable to process requests for the withdrawal of client funds. The report also noted that the company is currently handling requests for the return of user assets.

該報告聲稱，在香港註冊的公司FDT已經破產，無法處理撤回客戶資金的請求。該報告還指出，該公司目前正在處理返回用戶資產的請求。

However, FDT’s inability to meet these requests and the broader financial distress faced by the company have raised significant concerns about potential vulnerabilities within Hong Kong’s financial trust framework and its broader regulatory infrastructure.

但是，FDT無法滿足這些要求以及該公司面臨的更廣泛的財務困擾引起了人們對香港財務信託框架內潛在脆弱性及其更廣泛的監管基礎設施的重大關注。

These issues arise as the FDUSD stablecoin, which is marketed with promises of transparency and security, has seen its price drop to $0.9700 on Binance. The token has recovered slightly to trade at $0.9900 at the time of writing.

這些問題出現在以透明度和安全性的承諾銷售的FDUSD Stablecoin上，其價格下跌至二元為0.9700美元。在撰寫本文時，代幣的交易略有銷售額為0.9900美元。

A recent 4-hour trading window on Binance saw a massive sell-off in the token, with volumes of over 287 million tokens sold in the period. The token has also persistently traded below its peg, showing minor depreciation over multiple timeframes (7 to 365 days).

最近一個4小時的交易窗口在代幣中出售了大量售罄，此期間售出了超過2.87億個令牌。令牌還持續交易的釘子以下，顯示了多個時間表（7至365天）的微小折舊。

FDUSD is currently trading at $0.964870, showing a daily decline of 3.35% and a 24-hour volume over $7 billion. The token’s price activity and volume are crucial as it is marketed on promises of stability.

FDUSD目前的交易價格為0.964870美元，顯示每日下降3.35％，數量超過70億美元。代幣的價格活動和數量至關重要，因為它是根據穩定的承諾而銷售的。

Earlier reports noted that Tron founder Justin Sun stepped in to stabilize TrueUSD (TUSD) after $456 million in its reserves were temporarily inaccessible. While TUSD and FDUSD are distinct entities, both have seen promotion within similar crypto circles, including connections to Binance leadership.

較早的報導指出，Tron創始人Justin Sun介入了4.56億美元的儲備後，穩定了Trueusd（TUSD）。儘管TUSD和FDUSD是不同的實體，但兩者都看到了類似的加密貨幣界的晉升，包括與Binance領導力的聯繫。

These issues add another layer of complexity as interdependency between these stablecoins could increase systemic risk.

這些問題增加了另一層複雜性，因為這些穩定菌之間的相互依賴性可能會增加系統性風險。

First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions. I strongly recommend that users take immediate action to secure their assets.

First Digital Trust（FDT）有效償債，無法實現客戶基金的贖回。我強烈建議用戶立即採取行動以確保其資產。

There are significant loopholes in both the trust licensing process in Hong Kong and the internal risk management practices that have led to the current situation with FDT. These failures by the company and the lack of response from the authorities have raised serious questions about the effectiveness of existing oversight mechanisms.

香港的信任許可過程和內部風險管理實踐都有重大漏洞，這導致了FDT的當前狀況。公司的這些失敗以及當局缺乏反應引發了有關現有監督機制有效性的嚴重問題。

Left unaddressed, such lapses could erode confidence in Hong Kong’s financial integrity and tarnish its reputation as a global financial hub. The lack of official intervention thus far has also fueled public frustration.

遺囑未解決，這種失誤可能會侵蝕對香港財務完整性的信心，並破壞其作為全球金融中心的聲譽。迄今為止，缺乏官方乾預也引起了公眾的挫敗感。

At present, the official website of First Digital Trust is still accessible, and the company's social media channels remain active. However, email correspondence with the company has not yet elicited a response.

目前，仍然可以訪問First Digital Trust的官方網站，並且該公司的社交媒體渠道仍然活躍。但是，與公司的電子郵件通信尚未引起回應。

A press conference is scheduled for tomorrow at 2 PM HKT, where officials from the Hong Kong Monetary Authority (HKMA) and the banking regulator are expected to provide further clarification on the matter.

計劃於明天下午2點舉行新聞發布會，預計香港貨幣管理局（HKMA）和銀行監管機構的官員有望進一步澄清此事。