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TechFlow news, April 3 — According to an official announcement from First Digital Trust, amid recent market FUD, the first batch of FDUSD redemption transactions have been successfully processed, and the corresponding burn transactions have been completed on-chain.
First Digital Trust stated that FDUSD remains fully backed at a 1:1 ratio, redemption channels are operating normally, and the company will continue to promptly process all redemption requests.
According to an official announcement from First Digital Trust, in response to recent market FUD, the first batch of FDUSD redemption transactions has been processed, and the corresponding burn transactions have been completed on-chain. First Digital Trust stated that FDUSD remains fully backed at a 1:1 ratio, the redemption channel is operating normally, and the company will continue to promptly process all redemption requests.
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