Binance confirms that FDUSD reserves are correct after leaving

Binance confirmed the accuracy of FDUSD certificate for February, after concern caused by a short event of de-Pegling.

At 3 April update At the company’s blog, the binance stated that she re-examined the first digital USD (Fdusd) Details Book twice, once after the February report of the witness and has recently been published recently to ensure accuracy.

At 1. Marta, the FDUSD had 2.05 billion in reserve, according to the audit, conducted by prosperous insurance. These reserves, which are kept in fixed deposits and the American cash register, are higher than the amount Stablecoin In circulation and guarantee purchase 1: 1 with USD.

Update comes after the throne (Twitch) The founder of Justin SUN accused the publisher of StableCoin, first digital confidence, which is insolvent, by applying the FDUSD to lose its PEG for a moment. SUN called for regulatory action, criticized the financial system of Hong Kong and advised investors to withdraw funds.

His claims caused sales panic, which led to the FDUSD decline fell to $ 0.87 before recovery. In response, FDT discarded Assertions, claiming that the solar remarks are deceptive and that the FDUSD is fully supported.

The company insisted that the issue was not associated with the FDUSD and instead related to the dispute involving TRUEYUSD (Tusd), another stablecoin that succeeds. The FDT also accused the sun to initiate a campaign against his business and threatened to take legal action against him.

Given that the bynance has approximately 94% of the Supply of FDUSD, the situation has caused concern over exposing exposure. Some industry analysts pointed out the risks of reliance on one stablecoin for key trading pairs.

As for the press, the FDUSD seems to be stabilized, traded from $ 0.99 despite market volatility. Binance intends to conduct another audit after the next report on the witness was published in two weeks and reiterated its commitment to watch the Stability of the FDUSD.