Blockchain transactions of the market manufacturers indicate a possible arbitrage probability of three million US dollars in reference to the depegration of the FDUSD stablecoin.
The first digital US dollar-spotted stablecoin (FDUSD) was relied on April 2, after the founding father of Tron, Justin Sun, claimed that the StableCoin emittent was insolvent.
The market marker Wintermute handed over over 75 million FDUSD token to the primary digital inside sooner or later since the stable coin discharged to $ 0.87.
Source: Lookonchain
“Since $ FDUSD Depegged, #wintermute has broadcast $ 75 million FDUSD to First Digital Labs,” wrote Lookonchain in a post on April 3 and added:
“You probably bought $ FDUSD for a reduction through the depeg and redeemed it 1-1 by the primary digitally – made a solid profit.”
Source: Lookonchain
Wintermute with over 31 million FDUSD token from Binance, immediately after the depegging. “Provided that to procure $ FDUSD near the ground at $ 0.90, you’ll earn over 3 million US dollars if $ FDUSD returned to the PEG,” added Lookonchain.
The market manufacturers' sales patterns have been observed closely since February in February of $ 2.24 billion for crypto liquidation events, through which large-scale sales participants were sold by several market participants, including market manufacturers.
Reasons for the crypto market crash. Source: Evgeny Gaevoy
According to Evgeny Gaevoy, the founding father of Wintermute, the crypto market accidents from 2025 from 2025 were connected on to Tradfi events similar to Deepseek and Trump.
First digital: “Our stable coin stays fully supported and solvents”
Despite the bankruptcy claims, the primary digital users who’re completely solvents are and said that FDUSD can still fully secure it and will be redeemed to 1: 1 with the US dollar.
“First digital stand company: Justin Sun's reasonless allegations is not going to distract from Techteryx's own failures -our stablecoin -Fdusd stays fully supported and solvents remain fully supported,” wrote First Digital in a post on April 3.
Source: First digital
However, some evaluation tools have previously emphasized potential weaknesses in the steadiness of the FDUSD, which, in accordance with the S&P Global rankings, as 4 or “restricted”, which was shared with CoinTelegraph on March 19.
Source: S&P global reviews
“Our StableCoin stability rankings range from 2 (strong) to five (weak) in relation to the power of a stablecoin to keep up his PEG as much as a Fiat currency” and “The quality of the assets to support the stable coin is a critical driver for the ultimate rating,” said a S&P global reviews Spokesperson CoinTelgraph:
“Weaknesses in other areas, including regulation and surveillance, governance, transparency, liquidity and redemption in addition to track balance, have contributed to those stable coins with lower rankings.”
First Digital said it might take legal motion against Suns false bankruptcy allegations, which led to the depegging of the stablecoin.
