Leading cryptocurrency exchange Binance announced on Friday that it will change the stablecoin of 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 attacks. The exchange plans to gradually convert stablecoin holdings within 30 days, committing to regular audits.
He added that if bitcoin price swings drive the fund’s value below $800 million, the exchange will top it by as much as $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,” the translated version of the exchange’s post on X read.
As of 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 with values pegged 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.
