Binance to Convert $1 Billion SAFU Stablecoin Reserve to Bitcoin Within 30 Days
Binance said on Jan. 30 it will convert the SAFU fund's $1 billion stablecoin reserve to Bitcoin within 30 days, BlockBeats reports. The exchange will replenish BTC if the market value falls below $800 million to restore it to $1 billion. For 2025, Binance cited 38,648 recovery cases totaling $48 million, with cumulative recoveries exceeding $1.09 billion.