Binance Confirms FDUSD Fully Backed by $2.05B in US Dollars

Binance, a leading cryptocurrency exchange, has announced the results of its latest audit on the FDUSD stablecoin, confirming that the reserves backing FDUSD are fully backed 1:1 by US dollars. This audit is part of Binance's ongoing efforts to ensure transparency and trust in its stablecoin reserves.

The February attestation report, conducted by the independent third-party audit firm Prescient Assurance, revealed that as of March 1, 2025, the total reserve amount of FDUSD was $2,051,348,188.70. These reserves are held in the form of U.S. Treasury bonds and overnight deposits, which exceeds the total circulating supply of FDUSD at the time. This confirms that FDUSD can be redeemed for US dollars on a 1:1 basis, providing users with the assurance that their holdings are fully backed by US dollars.

Binance conducts a monthly review and verification of the FDUSD reserve data to ensure the accuracy and reliability of the information. 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. This ongoing monitoring is a testament to Binance's commitment to maintaining the integrity of its stablecoin reserves.

For the upcoming March attestation report, Binance will conduct a thorough review of the FDUSD reserve. The report is expected to be released within the next two weeks, providing further transparency and assurance to users about the stability and reliability of FDUSD. This continuous effort to maintain transparency and trust in its stablecoin reserves is a key factor in Binance's success and growth in the cryptocurrency market.