FDUSD Monthly Attestation Report - February 2025

We are aware of recent discussions regarding FDUSD and would like to provide the community with an update on its latest monthly attestation to help users better understand the status of FDUSD's reserves.

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Fellow Binancians,

We are aware of recent discussions regarding FDUSD and would like to provide the community with an update on its latest monthly attestation to help users better understand the status of FDUSD’s reserves.

As part of our continued efforts to monitor stablecoin reserves, Binance conducts monthly reviews and verifications of FDUSD’s reserve data. We reviewed and verified the most recent attestation report for February upon its release, and conducted another round of checks just a few hours ago to reconfirm the accuracy of the data.

The February attestation report, commissioned by FD121 Limited, the issuer of FDUSD, was conducted by independent third-party audit firm Prescient Assurance. As of the report’s record date, March 1, 2025, at 1:00 AM (UTC), FDUSD’s reserves stood at $2,051,348,188.70, held in U.S. Treasuries and overnight fixed deposits. This amount exceeds the total circulating supply of FDUSD at the time of audit, confirming FDUSD’s ability to be redeemed at a 1:1 ratio with USD.

For the upcoming March attestation report, Binance will conduct in-depth reviews of FDUSD's reserves and the March attestation report is expected to be published within the next two weeks.

We remain committed to ensuring our users are informed and will continue to provide timely updates. Any further developments will be shared via our official channels and announcement board. For historical and current reserve attestations, please visit the official transparency page provided by First Digital Labs to review.

Thank you for your continued trust and support.

Binance Team

2025-04-02