Binance Completes $1B SAFU Fund Shift to Bitcoin
Binance introduced on Thursday that it has completed changing its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin, buying a ultimate tranche of 4,545 BTC and bringing complete holdings to 15,000 BTC. The change’s resolution to shift its emergency insurance coverage reserve into BTC reasonably than a dollar-pegged asset reversed its…
