Binance exchange intends to swap roughly $1 billion in stablecoins for Bitcoin from its Secure Asset Fund for Users, or SAFU. In an open letter to the cryptocurrency community, the exchange announced that the conversion would occur gradually over the next 30 days. Binance’s emergency insurance pool, SAFU, is funded by trading fees and designed … Continue reading Binance to Convert $1B SAFU Stablecoin Reserves into BTC within 30 Days