FDUSD Reserve Update: Full 1:1 Backing Confirmed

✅ FDUSD reserves fully backed 1:1 with U.S. Treasuries & cash deposits. Latest independent audit report (March 1, 2025) confirms $2.05B in reserves

This press release from Binance sheds light on the crucial aspect of stablecoin reserves, a topic that has sparked discussion recently.

In the interest of complete transparency, we’re sharing a summary of the latest FDUSD data, fresh from the independent auditors.

At Binance, we’re committed to providing a transparent and trusted ecosystem for our users. We understand the importance of open communication, especially when it comes to the financial integrity of our products.

That’s why we’re always striving to share relevant information in a timely manner.

May this press release provide further clarity on FDUSD and its full backing.

We invite you to stay tuned for the upcoming March 2025 audit report, which will be shared on Binance’s official channels.

In addition, you can find links to past audit reports on First Digital Labs’ transparency page.

We hope this information is useful to you.

If you have any questions, please don’t hesitate to contact our Support team.

Stay tuned for more updates from Binance.

Best regards,

The Binance Team

### Key Takeaways

* FDUSD reserves are fully backed 1:1 with U.S. Treasuries & cash deposits.

* Latest independent audit report (March 1, 2025) confirms $2.05B in reserves—exceeding circulating supply.

* Binance conducts monthly reviews of the reports for transparency. Next report (March) coming within two weeks.

After a period of heightened discussion about FDUSD reserves, we want to provide a complete picture with the latest verified data.

At Binance, we’re committed to transparency and ensuring our users have access to the information they need.

Our partnership with Prescient Assurance, a leading independent accounting firm, is crucial for this effort. They conduct monthly reviews of FDUSD’s reserves to confirm 1:1 USD backing, as stated by First Digital Labs (the issuer of FDUSD).

In addition, we at Binance also carry out comprehensive checks on the audit reports to ensure accuracy and completeness.

We understand that trust is paramount in any financial system, and we’re doing everything in our power to maintain that trust with our users.

May this press release provide further clarity on FDUSD and its full backing.

We invite you to stay tuned for the upcoming March 2025 audit report, which will be shared on Binance’s official channels.

You can also find links to past audit reports on First Digital Labs’ transparency page.

We hope this information is useful to you.

If you have any questions, please don’t hesitate to contact our Support team.

Stay tuned for more updates from Binance.

Best regards,

The Binance Team