Binance has reallocated its Secure Asset Fund for Users (SAFU) reserves from stablecoins to Bitcoin, a move described by CEO CZ as 'perfect timing.' This strategic shift comes amid growing concerns over the stability of centralized stablecoins. By converting SAFU reserves to Bitcoin, Binance positions the leading cryptocurrency as a hedge against potential stablecoin risks, reflecting a broader trend of seeking decentralized alternatives in the crypto market.
Binance Shifts SAFU Reserves from Stablecoins to Bitcoin
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