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First Digital releases a new transparency report: Nearly 1 billion FDUSDs have been redeemed so far

Internet reports that First Digital released a new transparency report, which disclosed that the total supply of FDUSD tokens is 91,975,825.91 on the BSC chain, 2,328,524,138.71 on the Ethereum chain, and the US dollar balances in the reserve account are at least equal to or greater than US$2,588,088,088.17 respectively. First Digital reiterated that its customers 'assets are completely separated from the company's own funds, and that these assets will not be mixed or used to satisfy any third party claims on the FDT balance sheet. FDUSD can be redeemed on a 1:1 ratio, and nearly 1 billion have been redeemed so far. Previously, Sun Yuchen released First Digital Trust (FDT)"Seven Crimes", pointing out that it violated trustee obligations, abused client funds, violated anti-money laundering obligations, and committed false declarations or concealment.

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