Overview
- The exchange will convert SAFU’s roughly $1 billion in stablecoins into bitcoin gradually over 30 days and publish regular audits or updates during the process.
- Binance set a rebalancing rule to restore the pool to $1 billion if bitcoin volatility pulls its value below $800 million.
- SAFU, created in 2018 and funded from trading fees, sits in separate cold wallets to cover losses from extreme events such as hacks.
- The company cast bitcoin as crypto’s core reserve asset, while observers noted the shift reduces stablecoin liquidity and could influence market dynamics during recent price weakness.
- Binance highlighted 2025 transparency and safety metrics, including proof-of-reserves near $163 billion, $48 million recovered in 38,648 deposit errors, and an estimated $6.69 billion in scam losses prevented.