Update: SAFU Conversion to USDC

2024-04-18

The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established in 2018 to protect Binance users in extreme situations and it has remained an important part of what sets us apart from other exchanges. Over the years, we’ve continued to monitor SAFU’s size, maintaining the balance at a level adequate to safeguard our users. Although it has fluctuated, this level is typically set at $1B.

SAFU continues to be a core part of our responsibility to the ecosystem, and we continue to evolve to meet market conditions head-on. Today, we are transferring 100% of SAFU’s assets to USDC. Making use of a trusted, audited, and transparent stablecoin for SAFU further enhances its reliability and ensures it remains stable at $1B.

SAFU funds are now visible at the following USDC address: 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa.

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