According to Cas Abbé, Justin Sun announced a lack of backing for the FDUSD stablecoin, leading to its depegging and a 13% drop. Consequently, the BTC/FDUSD pair saw an unusual surge, reaching $99,000. This event indicates a significant impact on the cryptocurrency market, emphasizing the importance of verifying backing for stablecoins to maintain market stability.

According to @bolsaverse, FDUSD has depegged to $0.87, raising concerns due to Justin Sun's involvement. The credibility and stability of FDUSD's peg have been questioned, especially since @ethos_network rates Sun's reputation score at approximately 1126. This development could impact trader confidence and market stability.

According to Justin Sun (@justinsuntron), the issue of depegging in decentralized stablecoins has been addressed with numerous mechanisms that ensure stability, both upwards and downwards, as of 2025. The early cold start principle is likened to a simple USDT-USDD code-locked bidirectional exchange pool, eliminating the possibility of depegging from USDT.

According to PeckShieldAlert, the USD0++ token within the Usual Protocol ecosystem has depegged due to deviation from expected cumulative yield.