Binance Converts $300M Stablecoins Into 4,225 BTC for SAFU, Lifting Fund to 10,455 BTC

Binance has converted $300 million in stablecoins into 4,225 BTC as part of an ongoing rebalance of its Secure Asset Fund for Users, taking the reserve's Bitcoin holdings to 10,455 BTC. The exchange plans to shift up to $1 billion of SAFU into BTC over a 30-day window, with automatic top-ups if the fund's value falls below $800 million. In parallel, USD1's supply has reached $5 billion, most of it reportedly held on Binance, while a WLFI airdrop campaign offers $40 million in rewards to USD1 holders until February 20.