According to news on April 18, Binance recently deposited 16,277 Bitcoin (BTC) (worth about $1 billion) and 1.36 million Binance Coins (BNB) (worth about $748.62 million) into a hot wallet, and withdrew $1 billion of stablecoin USDC from the wallet to the User Security Asset Fund (SAFU) wallet.
According to historical records, Binance withdrew 1.36 million BNB (worth about $499.24 million) and 16,277 BTC (worth about $453.25 million) from the hot wallet as SAFU assets on November 9, 2022 and January 29, 2023, and March 17, 2023, respectively. Based on the withdrawal price at the time, the value of these SAFU assets was approximately $998.5 million.
As of today, the value of these assets has risen to approximately $1.757 billion, an increase of approximately 76%.
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Binance announced today that they will convert all $1 billion in assets in the User Security Asset Fund (SAFU) into the stablecoin USDC. SAFU is an emergency insurance fund designed to protect the assets of Binance users in extreme situations and has played an important role since its establishment in 2018. Last year, Binance converted BUSD in the SAFU fund into TUSD and USDT.
#币安新闻 #SAFU #USDC #BUSD $TUSD #tusd $USDC