Binance has confirmed that the FDUSD stablecoin's reserves are accurate. This comes after concerns arose from a brief drop in its value. The company reassured users about FDUSD's stability and backing.
- FDUSD had $2.05 billion in reserves as of March 1.
- Each FDUSD is backed 1:1 with USD.
- A recent claim by Justin Sun caused FDUSD to drop to $0.87.
- FDUSD is currently trading at $0.99.
| Key Figures | Values |
|---|---|
| FDUSD Reserves | $2.05 billion |
| Current Price | $0.99 |
| Lowest Price | $0.87 |
