Binance said Friday it will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users (SAFU) into bitcoin over the next 30 days, with plans to conduct regular audits of the fund.
The SAFU fund serves as Binance’s emergency reserve designed to protect users from losses stemming from unforeseen events such as security breaches or hacks. The exchange said the conversion will be carried out gradually over the coming month.
Binance added that it will replenish the fund if market volatility causes its value to fall below $800 million, committing to restore it to the $1 billion level as needed.
“This initiative is part of Binance’s long-term industry-building efforts, and we will continue to advance related work, gradually sharing more progress with the community,” the exchange said in a translated post on X.
According to Binance’s proof-of-reserves report as of 2025, users hold approximately $163 billion worth of crypto assets on the platform.
Stablecoins are digital tokens designed to maintain a fixed value by being pegged to an external reference such as the U.S. dollar. Bitcoin, by contrast, is the world’s largest cryptocurrency, with a market capitalization of more than $1.6 trillion.
