Binance to shift $1 billion user protection fund into bitcoin amid market rout

Group 1 - Binance announced it will switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days [1] - The Secure Asset Fund for Users (SAFU) is designed to protect users from losses due to unforeseen events such as hacks [1] - The exchange will conduct regular audits during the conversion process [1] Group 2 - If bitcoin's price fluctuations cause the fund's value to drop below $800 million, Binance will replenish it back to $1 billion [2] - This initiative is part of Binance's long-term efforts to build the industry and the company plans to share more progress with the community [2] - As of 2025, Binance's proof-of-reserves report indicated that users hold approximately $163 billion in crypto tokens on the platform [2] Group 3 - Stablecoins are digital tokens pegged to external references like the U.S. dollar, while bitcoin is the leading cryptocurrency with a market value exceeding $1.6 trillion [3]