SAFU fund: Did Binance just sell $1 billion in BTC for USDC?
finbold.com/safu-fund-did-binance-just-sell-1-billion-in-btc-for-usdc
Binance, the world’s largest cryptocurrency exchange by trading volume, has converted its $1 billion Secure Asset Fund for Users (SAFU) into USDC. The total SAFU fund is $1 billion, which is around 3% of the total circulating supply of USDC.
Established in 2018, SAFU is designed to protect Binance users against potential losses due to operational risks or security breaches.…
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