Within the ultimate replace on SAFU fund asset conversion, Binance stated it has accomplished the ultimate tranche buy of 4,545 $BTCthe migration of $1 billion of SAFU stablecoin reserves to Bitcoin has been accomplished.
Binance famous that the migration was accomplished inside 30 days of the preliminary announcement, as promised. SAFU Fund at the moment holds 15,000 $BTCwith a accomplished worth of $1,050,000,000 ( $BTC Worth is $67,000).
Binance added that the SAFU fund, which is now totally managed in Bitcoin, reinforces that perception. $BTC as a serious long-term reserve asset.
The information that Binance has accomplished the migration of $1 billion of its SAFU stablecoin reserves to Bitcoin has caught the eye of the X cryptocurrency group.
X customers praised the transfer whereas highlighting the current FUD pattern in direction of Binance. This caught the eye of Binance co-founder Changpeng “CZ” Zhao, who expressed optimism in regards to the SAFU fund and stated it may do fairly effectively in the long term.
“I could possibly be unsuitable, however I really feel prefer it may find yourself understanding fairly effectively for the SAFU Basis. It can save you the tweet and are available again to it later,” CZ stated.
I could possibly be unsuitable, however I’ve a sense it’d find yourself understanding fairly effectively for the SAFU Fund ultimately. 😆
Save your tweet. You’ll be able to revisit it later.
— CZ 🔶 $BNB (@cz_binance) February 12, 2026
SAFU stands for a safety fund launched by Binance to guard customers from losses resulting from surprising occasions akin to hacking. In late January, Binance revealed plans to transform $1 billion value of dollar-pegged tokens into Bitcoin for the fund over the following 30 days, pledging to replenish the quantity if value fluctuations trigger the worth to drop under $800 million.
Nevertheless, this method comes with its personal dangers. The worth of the Bitcoin-backed SAFU fund can fluctuate relying on the general market, highlighting the significance of Binance’s promise to replenish funds throughout occasions of volatility.
Binance Information
Binance just lately introduced its efforts to launch an institutional collateral program with Franklin Templeton, permitting tokenized cash market fund (MMF) shares issued by way of Franklin Templeton's Benji Know-how platform for use as collateral on Binance. That is the primary initiative from the partnership between Binance and Franklin Templeton, which was introduced final yr.
Within the new itemizing, Binance will listing Espresso ($ESP) and open buying and selling of spot buying and selling pairs. $ESP/USDT, $ESP/USDC and $ESP/TRY is February twelfth. Withdrawals will start on February thirteenth at 1:00 PM (UTC).
Within the upcoming delisting, Binance will take away and droop buying and selling of AT/.$BNBABAX/$BNBBanana/$BTCCoty/$BTC,FF/$BNBhive/$BTC,IO/$BNB,LRC/$BTCmana/$BTCSaga/$BNBwith FDUSD, XPL/$BNB And ZK/$BTC Buying and selling pairs on February thirteenth at 8:00 am (UTC).
