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FDUSD has completed the first batch of redemptions, maintaining a 1:1 full support.
Odaily News According to First Digital officials, in response to the recent market fear, uncertainty and doubt (FUD), FDUSD has completed the first batch of redemption requests, and the corresponding burn transactions can be viewed on-chain. The official reiterated that FDUSD still maintains a 1:1 full support, the redemption channel is running smoothly, and all redemption requests will continue to be processed in a timely manner.