Post #11562

Binance will turn $1B SAFU Fund into Bitcoin over the next 30D Binance said this decision was made to support the industry through market cycles and periods of uncertainty, emphasizing its continued belief in bitcoin's long-term value. SAFU was established to protect users against losses from unexpected incidents like hacks or platform issues. To address potential volatility from holding bitcoin instead of stablecoins, Binance said it will conduct regular audits and rebalancing of the fund based on market value. 🔗theblock.co/post/387786/binance-1-billion-safu-bitcoin @TOP7ICO