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FDUSD released an audit report in February: Reserve assets exceeded 100%, supporting 1:1 exchange

FDUSD released an audit report in February: Reserve assets exceeded 100%, supporting 1:1 exchange

CointimeCointime2025/04/02 19:33
By:Cointime

according to a report previously audited independently by Prescient Assurance LLC, as of February 28, 2025 21:00 ET (March 1, 2025 9:00 HKT)

FDUSD circulation: 2,041,924,819.94 coins, total reserve assets corresponding to FDUSD: $2,051,348,188.70, with reserve assets including:

(1) Total holdings of U.S. Treasury Bills: $1,733,452,142.60 (approximately 84.5%);

(2) Overnight Reverse Repo Agreements holdings: $33,000,000.00 (approximately 1.6%);

(3) Fixed Deposits holdings: $145,880,000.00 (approximately 7.1%);

(4) Cash in U.S. Dollars account cash balance: $139,016,046.10 (approximately 6.8%).

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