Binance, the leading cryptocurrency exchange, announced Friday that it will replace the stablecoin in its billion-dollar emergency user protection fund with 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 holdings into stablecoins within 30 days, committing to regular audits.
He added that if bitcoin price fluctuations caused the fund’s value to fall below $800 million, the exchange would increase it to $1 billion.
“This initiative is part of Binance’s long-term efforts to develop the industry, and we will continue to advance related work, gradually sharing more progress with the community,” reads the translated version of the exchange’s post on X.
In 2025, the exchange’s proof of reserves report showed that users held approximately $163 billion worth of crypto tokens on the platform.
Stablecoins are digital tokens whose values are linked to an external reference such as the US dollar. Bitcoin is the world’s leading cryptocurrency, with a market value of over $1.6 trillion.
