Binance to Convert $1B SAFU Fund From Stablecoins to Bitcoin
Binance has stated that it’ll convert roughly $1 billion held in stablecoins inside its Secure Asset Fund for Users (SAFU) into Bitcoin (BTC), with the method set to end inside 30 days. The transfer shifts the trade’s emergency insurance coverage reserve again into BTC and comes as Binance faces renewed scrutiny over market affect, steadiness…
