According to online reports, Binance issued an announcement saying that as part of its continuous monitoring of stablecoin reserves, Binance reviews and verifies FDUSD reserve data on a monthly basis. The certification report was reviewed and verified when it was released in February, and another round of inspections was conducted a few hours earlier to reconfirm the accuracy of the data. The February certification report commissioned by FD121 Limited (the issuer of FDUSD) and conducted by the independent third-party audit firm Prescient Assurance showed that as of 1:00 am (UTC) on March 1, 2025, the total reserves of FDUSD were US$2,051,348,188.70, held in the form of U.S. Treasury bonds and overnight time deposits. This amount exceeded the total circulating supply of FDUSD at that time, confirming that FDUSD could be converted into U.S. dollars at a 1:1 ratio. Binance will conduct an in-depth review of FDUSD reserves for the upcoming March certification report, which is expected to be released within the next two weeks.