Binance Confirms FDUSD Reserve Data with Monthly Review and Upcoming March Attestation Report

On April 3rd, Binance confirmed its commitment to maintaining rigorous oversight of stablecoin reserves, specifically regarding the FDUSD. As part of its monthly protocol, Binance conducted a detailed examination and verification of the FDUSD reserve data, which was initially assessed during the February attestation report. This recent validation occurred mere hours ago, ensuring the integrity of the provided data.

The February attestation, initiated by FD121 Limited and executed by the independent auditing entity Prescient Assurance, revealed that as of March 1, 2025, the total reserves for FDUSD amounted to an impressive $2,051,348,188.70. This reserve was primarily allocated in U.S. Treasury bonds and overnight deposits, surpassing the circulating supply of FDUSD at that time, thereby affirming the capability of FDUSD to be redeemed for US dollars on a 1:1 basis.

Looking ahead, Binance is expected to undertake another comprehensive review for the March attestation report, with the findings anticipated to be released within the next fortnight. This ongoing scrutiny underscores Binance’s dedication to ensuring transparency and trust in the stablecoin ecosystem.