Binance converts assets of its SAFU insurance fund into Circle’s USDC

Denis Omelchenko

Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting…

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Binance converts assets of its SAFU insurance fund into Circle’s USDC