Binance to convert $1B SAFU fund from stablecoins to BTC

Binance has announced a restructuring of its Secure Asset Fund for Users (SAFU), gradually converting its $1 billion in stablecoin holdings to BTC. The exchange also stated that if the fund's market value falls below $800 million due to BTC price volatility, it will inject additional BTC to restore its value to $1 billion.