PANews reported on April 3 that Binance said in its latest announcement that we have noticed the community's discussion on FDUSD and now provide the community with its latest monthly audit to help users have a clearer and more comprehensive understanding of the current status of FDUSD reserves. As part of its ongoing monitoring of stablecoin reserves, Binance reviews and verifies FDUSD's reserve data every month. We have completed the verification when its latest February audit report was released, and reviewed the relevant data again a few hours ago to confirm its accuracy.
The February audit report of FDUSD was commissioned by its issuer FD121 Limited and issued by independent third-party auditor Prescient Assurance. As of the report recording time, 9:00 am (Eastern Time Zone 8) on March 1, 2025, the total reserves of FDUSD were US$2,051,348,188.70, all held in the form of US Treasury bonds and overnight time deposits. The reserve size is higher than the total circulation of FDUSD at the time of the audit, ensuring that holders can redeem US dollars at a 1:1 ratio.
FDUSD’s March audit report is expected to be released in the next two weeks, and Binance will continue to conduct in-depth review and verification of its reserves.
