Binance has announced plans to convert $1 billion of stablecoin reserves held by its Secure Asset Fund for Users (SAFU) into Bitcoin. The conversion is expected to be completed within 30 days. Binance will monitor the fund's market capitalization and replenish it with Bitcoin if it falls below $800 million due to price fluctuations. This move reflects Binance's confidence in Bitcoin's long-term value and its commitment to the crypto ecosystem.