Binance to Convert $1 Billion SAFU Fund Stablecoin Reserves into Bitcoin Reserves In an open letter to the crypto community, Binance announced that it will adjust the asset structure of the SAFU Fund, gradually converting the $1 billion stablecoin reserves into Bitcoin reserves. The exchange plans to complete the conversion within 30 days of this announcement. Binance will conduct regular audits of the SAFU Fund's asset scale. If Bitcoin price fluctuations cause the fund's valuation to drop below $800 million, Binance will replenish Bitcoin to restore the fund's scale back to $1 billion. Based on Binance's belief in Bitcoin as a core asset of the crypto ecosystem and its long-term value, the company is willing to share the uncertainties with the industry during times of pressure and heightened market cycles, continuing to allocate resources to the crypto ecosystem. This initiative is part of Binance's long-term commitment to building the industry. Further related efforts will continue, and more updates will be gradually shared with the community.