FDUSD Reserve Plunges to $0.87 After Justin Sun’s Shocking Claims! FDUSD’s $2.05 Billion Reserve Scandal?

The FDUSD Reserve controversy has a ripple effect on the stablecoin sector, raising the question of how tenuous the FDUSD vs USD bond is. After Tron founder Justin Sun accused FDUSD’s issuer, First Digital Trust (FDT), of being insolvent, the stablecoin experienced a brief de-peg, collapsing to $0.87 before recovering. Binance, which controls 94 percent of the FDUSD supply, reassured the public that FDT backed the reserves of $2.05 billion and has brushed off Justin Sun’s comments as misleading and not pertinent to FDUSD, emphasizing its backing. Meanwhile, the market awaits additional audits that could help rejuvenate confidence.

FDUSD Reserve Controversy: Stability and Allegations

The FDUSD Reserve has faced public scrutiny following accusations from the Tron founder, Justin Sun, claiming that First Digital Trust (FDT), the issuer of FDUSD, has been declared insolvent, failing to fulfill redemptions. These allegations made a run causing FDUSD to briefly de-peg from USD and hit $0.87 before recovering to $0.982. In addition, Sun criticized the Hong Kong financial system as a good opportunity for intervention to protect investors.

As a reaction to the incident, FDT flatly denied allegations that FDUSD was completely backed with $2.05 billion reserves, held in U.S. Treasuries and fixed deposits with an independent audit by Prescient Assurance. The case was branded by FDT as Marai’s campaign about some tussle involving TrueUSD, a stablecoin it manages, and planning to take it to court in defense of its reputation.

Binance, by being 94% of FDUSD’s overall supply, confirmed the February attestation report and promised more reviews after the March audit was released. This concern raised the much-debated subject of stability and FDUSD vs USD and dependence on a single central stablecoin for trading pairs. However, with FDUSD finally stabilizing on the market, the controversy highlights the need for transparency, sound reserve management, and diversity in preserving confidence in the stablecoin ecosystem.

TRON Price Prediction of Last 24 Hours

Tron price action begins with high fluctuations. The support is around $0.2320, moving upward to a resistance close to $0.2400. However, the asset could not maintain this and subsequently broke below the earlier support. The price now forms an upward channel at 23:00 UTC, signaling bullish recovery attempts. The multiple golden crosses seen in the MACD indicator convert to a series of death crosses for a decline from this bullish momentum. Currently, the indicator hovers near the zero line, inferring a consolidation period or indecision in the market. The RSI indicates overbought conditions coinciding with resistance retests and shows oversold conditions paired with support rebounds.

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 3, 2025

If the price above the fresh support of around $0.2320 manages to survive, it will try to retest resistances around $0.2400. If these breaks support, then it will have more downward pressure. The recent controversy surrounding the FDUSD Reserve and the possible outcome for the entire ecosystem is best talked about in precautionary measures advised traders. This relates intricately to how FDUSD vs USD dynamics impact market confidence and indirectly affect TRX trading strategies.

Future Of Tron Amid FDUSD Controversy

The latest news on the FDUSD Reserve controversy further highlighted the extent to which stablecoins in the market are interconnected through their value interlinked with those volatile currencies. The dynamics of FDUSD vs USD may have stabilized following reassurances from Binance; however, the clear indications are that the wide implications for stablecoins surfaced and brought to attention their reliance on strong reserve management. As for Tron price prediction, the forecast on TRX for 2025 would be mixed: for some, a rise to $0.73 is expected, while for others, it would stay below $0.25.