Following the recent decline in FDUSD’s price to $0.87, Binance has issued its first official statement outlining the stablecoin’s reserve support and addressing user concerns. The exchange emphasized that FDUSD maintains a 1:1 reserve backing and provided details from its latest attestation report, which confirmed exceeding circulating supply by reserves held in US Treasury bonds and overnight fixed deposits totaling $2,051,348,188.70. Binance conducted monthly reviews and verifications of FDUSD’s reserve data, further confirming the stablecoin’s 1:1 redemption capability with the US dollar. This statement follows Binance’s commitment to transparency regarding the stablecoin’s reserves. The exchange is conducting internal checks in response to recent market volatility. Further details on the March attestation report are expected in two weeks. However, as a reminder from Bitcoinsistemi.com, all cryptocurrencies carry inherent risk and users should be aware that deposited funds, including principal, may be lost.