Binance: FDUSD Audit Report Confirms Full Reserves Backed 1:1 by US Dollars

BlockBeats News, April 3rd, Binance announced that as part of its ongoing monitoring of stablecoin reserves, Binance conducts a monthly review and verification of the FDUSD reserve data. The data was reviewed and verified when the February attestation report was released, and another check was conducted a few hours ago to reconfirm the accuracy of the data.

The February attestation report, commissioned by FD121 Limited (the issuer of FDUSD) and conducted by the independent third-party audit firm Prescient Assurance, showed that as of the reporting date at 1:00 AM (UTC) on March 1, 2025, the total reserve amount of FDUSD was $2,051,348,188.70, held in the form of U.S. Treasury bonds and overnight deposits. This amount exceeded the total circulating supply of FDUSD at the time, confirming that FDUSD can be redeemed for US dollars on a 1:1 basis.

For the upcoming March attestation report, Binance will conduct a thorough review of the FDUSD reserve, and the report is expected to be released within the next two weeks.