The Secure Asset Fund for Users (SAFU) is an emergency insurance fund created in 2018 to protect Binance users in extreme situations. It has remained an important asset for the exchange platform, which sets it apart from its competitors. Over the years, we have continued to monitor the size of the SAFU, maintaining its balance at a sufficient level to protect our users. Although it has fluctuated, its level is generally set at $1 billion.
SAFU remains vital to fulfilling our responsibility to the ecosystem, and we will continue to evolve to directly follow market conditions: which is why we are converting 100% of SAFU assets to USDC today. The use of a reliable, audited and transparent stablecoin under SAFU further improves its reliability and preserves its billion-dollar stability.
SAFU funds can now be viewed at the following USDC address: 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa.
