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

Binance said in its latest announcement that we have noticed the community's discussion about 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 the 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.

FDUSD's February audit report was commissioned by its issuer FD121 Limited and issued by independent third-party auditor Prescient Assurance. As of the report recording time, that is, 9:00 am (Eastern Time) on March 1, 2025, the total reserves of FDUSD are 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 FDUSD circulation at the time of the audit, ensuring that holders can redeem USD at a 1:1 ratio.

The March audit report of FDUSD is expected to be released in the next two weeks, and Binance will continue to conduct in-depth review and verification of its reserves.