🔥 #Binance converted all $BTC , $BNB , USDT, TUSD in SAFU hedge fund to $USDC

#SAFU (Secure Asset Fund for Users) is an insurance fund that protects users in emergencies such as technical problems, affecting user assets. The fund was established by Binance in 2018.

Thanks to holding BTC and BNB since February 2022, Binance has made a profit of more than 900 million USD from this conversion.

I think this conversion move is like Binance taking profits to ensure liquidity for the fund, preventing upcoming market fluctuations.