FDT Insolvency Buzz, FDUSD Depeg Stoke Fears: Hong Kong Oversight Questioned

First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, reportedly faces insolvency and has halted client fund redemptions, sparking significant concern across the cryptocurrency industry due to its operational scale and links to prominent platforms. The developments cast doubt on critical vulnerabilities within Hong Kong’s financial trust framework and its broader regulatory infrastructure. Amid […] The post FDT Insolvency Buzz, FDUSD Depeg Stoke Fears: Hong Kong Oversight Questioned appeared first on Coin Edition.