Binance to shift $1 billion user protection fund into bitcoin amid market rout

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Top cryptocurrency exchange Binance announced said Friday that it shall switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days.

The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to protect users from losses due to unforeseen events such as hacks. The exchange plans to gradually convert the stablecoin holdings within 30 days, committing to regular audits.

It added that if bitcoin’s price swings drop the fund’s value below $800 million, the exchange will top it back up to $1 billion.

“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 translated version of the exchange’s post on X, said.

As of 2025, the exchange’s proof-of-reserves report showed users holding roughly $163 billion in crypto tokens on the platform.

Stablecoins are digital tokens with values pegged to an external reference such as the U.S. dollar. Bitcoin is the world’s leading cryptocurrency with a market value of over $1.6 trillion.

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