The Binance exchange will buy bitcoins for a total of $1 billion for the SAFU stabilization fund, established in 2018. The editorial team at Happy Coin News learned that the trading platform plans to exchange for $BTC USDC stablecoins, which are valued at nearly $1 billion. If the value of the coins in the fund drops below $800 million due to the decline in the cryptocurrency market, the company will conduct a rebalancing of assets such that their value amounts to $1 billion. Being confident that BTC is a key element of the cryptocurrency ecosystem and retains its value in the long term, Binance employees will support the digital asset industry during market cycles and uncertainty, methodically investing resources in the cryptocurrency sector, noted exchange representatives. SAFU is replenished from the trading commission earned by Binance and serves as a reserve fund created to protect client funds. The name of the fund comes from the title of a video uploaded in 2018 on YouTube, titled Funds Are Safu, meaning that assets are safe.

$BTC

#BinanceSquareTalks

#BitcoinDunyamiz