Binance: FDUSD audit report confirms 1:1 full reserve support

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PANews
04-02
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PANews reports on April 3rd that Binance stated in its latest announcement that they have noticed community discussions regarding FDUSD and are providing the latest monthly audit information to help users better understand the current status of FDUSD reserves. As part of their ongoing monitoring of stablecoin reserves, Binance reviews and verifies FDUSD reserve data monthly. They completed the verification when the February audit report was published and re-examined the relevant data a few hours ago to confirm its accuracy.

The February audit report for FDUSD was commissioned by its issuer, FD121 Limited, and prepared by the independent third-party audit firm Prescient Assurance. As of the report's recording time, March 1st, 2025 at 9:00 AM (UTC+8), the total FDUSD reserves were $2,051,348,188.70, entirely held in US Treasury bonds and overnight time deposits. The reserve size is higher than the total FDUSD circulation at the time of the audit, ensuring holders can redeem at a 1:1 ratio with US dollars.

The March audit report for FDUSD is expected to be released within the next two weeks, and Binance will continue to conduct in-depth reviews and verifications of its reserve status.

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