According to Foresight News, Binance issued an announcement stating that it has noticed recent discussions about FDUSD and wishes to provide its latest monthly proof to help users better understand the reserve status of FDUSD. As part of continuous monitoring of stablecoin reserves, Binance reviews and verifies FDUSD's reserve data monthly. The data was reviewed and verified when the February proof report was released and underwent another round of checks just hours ago to reconfirm the accuracy of the data.
Commissioned by FDUSD issuer FD121 Limited, the February verification report completed by independent third-party audit firm Prescient Assurance shows that as of the report record date of March 1, 2025, at 9:00, the total reserves of FDUSD were $2,051,348,188.70, held in the form of US Treasury bonds and overnight time deposits. This amount exceeds the total circulating supply of FDUSD at the time of the audit, proving that FDUSD can be exchanged with the US dollar at a 1:1 ratio. For the upcoming March proof report, Binance will conduct an in-depth review of FDUSD's reserves, with the report expected to be released within the next two weeks.
