On April 3, Binance issued an announcement stating that as part of the ongoing monitoring of stablecoin reserves, Binance reviews and verifies FDUSD's reserve data every month. It was reviewed and verified when the February proof report was released, and another round of inspections was conducted hours ago to reconfirm the accuracy of the data.

The February certification report commissioned by FD121 Limited (the issuer of FDUSD) and conducted by Prescient Assurance, an independent third-party audit firm, shows that as of the report record date at 1:00 a.m. (UTC), FDUSD's total reserves were $2,051,348,188.70 in the form of holdings in U.S. Treasury bonds and overnight term deposits. This amount exceeded the total circulating supply of FDUSD at that time, confirming that FDUSD can be exchanged for USD at a ratio of 1:1.

For the upcoming March Certificate Report, Binance will conduct an in-depth review of FDUSD’s reserves, and the March Certificate Report is expected to be released in the next two weeks.