Binance announced Friday it will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users (SAFU) into bitcoin over the next 30 days, with regular audits to ensure transparency.
The SAFU fund serves as an emergency reserve designed to protect users from losses due to unforeseen events, including hacks. The exchange said the conversion will be gradual, and if market swings reduce the fund’s value below $800 million, Binance will restore it to $1 billion.
“This initiative is part of Binance’s long-term efforts to strengthen the crypto industry, and we will continue sharing updates with the community as work progresses,” the exchange said in a translated post on X.
According to Binance’s 2025 proof-of-reserves report, users hold roughly $163 billion in digital assets on the platform.
Stablecoins are digital tokens pegged to external assets such as the U.S. dollar, while bitcoin is the world’s largest cryptocurrency, with a market capitalization exceeding $1.6 trillion.
