Cryptocurrency Q&A
Did Binance convert its billion dollar SAFU emergency fund into USDC?
Did Binance convert its billion dollar SAFU emergency fund into USDC?
EnchantedSeeker
Thu Nov 21 2024
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6 answers
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I heard that Binance, the cryptocurrency exchange, had a billion-dollar emergency fund called SAFU. I'm wondering if they converted this fund into USDC, a stablecoin pegged to the US dollar.
6 answers
CryptoTamer
Fri Nov 22 2024
This conversion aims to ensure the fund's liquidity and stability.
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HanRiverVisionaryWave
Fri Nov 22 2024
By holding USDC, Binance can quickly access funds in times of crisis.
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KatanaBlade
Fri Nov 22 2024
Binance, the largest cryptocurrency exchange globally, has made a significant move regarding its emergency fund.
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TaegeukWarrior
Fri Nov 22 2024
The exchange has converted the entire billion-dollar 'Safu' emergency fund into USDC.
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Giuseppe
Fri Nov 22 2024
BTCC, another top cryptocurrency exchange, offers a range of services to its users.
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