Wow, did you all see the news? Binance released something extremely important this Friday (30): they will be taking nothing less than 1 billion dollars that was kept in stablecoin in that Users' Safe Asset Fund (the famous SAFU) and will exchange everything for Bitcoin over the next 30 days.
This movement comes at a time when the crypto market is like a roller coaster, full of ups and downs. For them, BTC continues to be the 'king of the game', the most stable currency that serves as a store of value in the long term.
In the statement, Binance said that as the sector matures, the demand for governance, risk management, and platform responsibility grows. To show their service, they even reminded that in 2025 they managed to return 48 million dollars from incorrectly made deposits to users.
The idea of putting the SAFU in Bitcoin is precisely to give a boost to the market in the most complicated moments. But, as the price of BTC also wobbles like a boat in a full river, they said they will conduct audits and rebalance the fund from time to time. If by chance the value falls below 800 million dollars, they will replenish it until it completes 1 billion again.
And isn't it true that all this happened just when the market is taking a hit? Bitcoin plummeted about 7% in the last 24 hours, staying around 82 million dollars, and other major cryptos also fell significantly.
The decision stirred the sector. Justin Sun, creator of Tron, rushed to X and said he will also increase the reserves in BTC, showing support for Binance's move, which is currently the largest exchange in the world.
"Oh man... the people poked Sun to find out how much it would fatten the reserves of $BTC , but he stayed quiet, didn't give a response."