Binance has added a new stablecoin called First Digital USD (FDUSD) to its platform, which has sparked controversy within the crypto community due to allegations linking it to Justin Sun and TrueUSD (TUSD). The stablecoin is issued by Hong Kong-based digital asset custodian First Digital Trust and aims to provide users with a reliable means of conducting transactions.
However, crypto researcher Adam Cochran has raised concerns about the custodian's possible connection to Sun and suggested that FDUSD may be issued without sufficient asset backing. Cochran also alleged that Sun is behind TUSD and the cryptocurrency exchange Huobi, and claimed that 60,000 bitcoin are unbacked on the Tron blockchain.
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