The post Binance Shifts $1B SAFU Fund to Bitcoin appeared first on Coinpedia Fintech News
Binance has unveiled a new plan to reshape its $1 billion Secure Asset Fund for Users (SAFU) by converting all of its stablecoin reserves into Bitcoin over the next 30 days. This move underscores its long-term confidence in BTC’s value. During this transition, Binance will continuously monitor the fund’s worth and add more Bitcoin if volatility pushes its market value below $800 million, keeping the safety net near its full target. The SAFU, launched in 2018 as a user protection reserve, is now being aligned with Bitcoin to strengthen risk coverage and reflect Binance’s belief in crypto’s core asset.
