Binance converts 100% of its emergency fund to USDC for improved stability
Thursday, 18 April 2024
Exchange Binance has converted 100% of its Secure Asset Fund for Users (SAFU) assets to stablecoin USD Coin. The firm established SAFU in 2018 as an emergency fund for customers during extreme situations. Previously, Binanceβs wallets held Binance Coin (BNB), Tether (USDT), Bitcoin (BTC), and TrueUSD (TUSD). Meanwhile, the exchange is converting all SAFU reserves [β¦]
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