The Block (@TheBlock__): JUST IN: Binance to convert its entire $1B SAFU user protection fund from stablecoins to Bitcoin within the next 30 days.
Estimated coin impact
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- BTC+85Positive
JUST IN: Binance to convert its entire $1B SAFU user protection fund from stablecoins to Bitcoin within the next 30 days. If BTC price volatility causes the fund to fall below $800M, Binance will top up with additional Bitcoin to restore it to $1B.