🔥 FDUSD confirmed to be 1:1 backed by the dollar!

Binance transparency alert 🔍

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📢 After the drama from last night involving Justin Sun causing FDUSD to drop its peg to $0.87, Binance has issued a statement confirming that FDUSD is backed 1:1 by the dollar according to the latest audit report! 💰

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🔸 There are reserves of over $2.05 billion

🔹 Held in US treasury bonds and short-term deposits

🔸 Audited by a reputable firm