Binance said on Friday that it will shift the stablecoin holdings in its $1 billion Secure Asset Fund for Users (SAFU) into bitcoin over the next 30 days, with the process subject to regular audits.
The SAFU fund is Binance’s emergency reserve, created to protect users against losses from unexpected events such as security breaches or hacks. The exchange said the conversion will be carried out gradually throughout the month.
Binance also said it will replenish the fund if market volatility causes its value to fall below $800 million, committing to restore the balance to $1 billion when necessary.
“This initiative is part of Binance’s long-term efforts to build the industry, and we will continue to move related work forward while sharing progress with the community,” the exchange said in a translated statement posted on X.
As of 2025, Binance’s proof-of-reserves report shows that users hold approximately $163 billion worth of crypto assets on the platform.
Stablecoins are digital tokens designed to maintain a stable value by being pegged to external assets such as the U.S. dollar. Bitcoin, meanwhile, is the largest cryptocurrency by market capitalization, valued at more than $1.6 trillion.
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