🚨 Latest: Binance has announced it will convert its SAFU fund’s roughly $1 billion stablecoin reserves into Bitcoin over the next 30 days, signaling a bold shift in how it secures user protection funds. The exchange also plans to replenish the fund back to $1 billion if Bitcoin falls below $80,000, adding a dynamic risk-management layer. The move reflects strong confidence in Bitcoin as a reserve asset, while introducing exposure to market volatility. By tying SAFU’s composition to price levels, Binance is blending security strategy with market conviction turning its safety fund into a live bet on Bitcoin’s long-term resilience.
