Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, First Digital’s stablecoin depegged after Justin Sun’s claims of insolvency. Meanwhile, VanEck became the first company to propose a potential BNB exchange-traded fund in the United States and stablecoin issuer Circle filed for a public listing on Wall Street.

The First Digital US dollar-pegged stablecoin FDUSD depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.

First Digital responded to the claims by assuring users they are completely solvent and said that FDUSD is still fully backed and redeemable with the US dollar on a 1:1 basis.

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