Summary
- Binance reported that there are no issues with the reserves of FDUSD.
- According to the report conducted by a third-party auditor, FDUSD's reserves are $2 billion, exceeding the circulating supply.
- It was reported that FDUSD's reserves are in the form of U.S. Treasury bonds and time deposits.
Binance reported that there are no issues with the reserves of FDUSD, which is experiencing depegging.
On the 3rd (local time), Binance announced through a notice that "Binance reconfirmed the audit report conducted by a third-party auditor commissioned by FDUSD, and as of March 1, the reserves were $2 billion, exceeding the total circulating supply."
FDUSD's reserves are understood to be in the form of U.S. Treasury bonds and time deposits. Previously, FDUSD experienced depegging after Justin Sun, the founder of TRON (TRX), raised concerns about the repayment ability of First Digital Trust (FDT).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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