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Binance has completed two $100 million batches of stablecoin-to-Bitcoin conversions from its Secure Asset Fund for Users (SAFU), totaling $200 million or 20% of its $1 billion target.
The conversions are part of a 30-day plan announced on January 30, 2026, which aims to shift the SAFU Fund’s reserves from stablecoins into Bitcoin while maintaining a protective floor for user funds.
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Binance SAFU Fund Conversions: $200 Million In, Bitcoin Price Shows Little Reaction
The first…
