FDT responds to Sun Yuchen's allegation that the $500 million TUSD transfer was in response to Techteryx's request to invest in commodities

Comparing news, the controversial stablecoin issuer First Digital Trust (FDT) recently responded to the accusation of Wave Field founder Sun Yuchen, saying that its act of transferring more than 500 million US dollars of TUSD reserve funds to the Dubai ARIA Fund was carried out in response to investment instructions from partner Techteryx. FDT stated that these fund transfers, characterized as “commodity investments,” were completed in multiple installments and disclosed the letter of authorization signed by Techteryx on March 14, 2022 as evidence.