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Binance says it will convert $1B in stablecoin reserves held in its SAFU into bitcoin over the next 30 days, as BTC falls to its lowest level since November (Danny Park/The Block) from Techmeme RSS feed.
Binance says it will convert $1B in stablecoin reserves held in its SAFU into bitcoin over the next 30 days, as BTC falls to its lowest level since November (Danny Park/The Block)
Danny Park / The Block:
Binance says it will convert $1B in stablecoin reserves held in its SAFU into bitcoin over the next 30 days, as BTC falls to its lowest level since November — Quick Take — Binance announced that it will turn its $1 billion SAFU fund into bitcoin over the next 30 days to support the industry through uncertainty.