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Binance to shift $1 billion user protection fund into bitcoin amid market rout
Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits
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Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
The exchange has pledged to replenish the fund to $1 billion if bitcoin price swings cause its value to fall below $800 million.
Binance framed the change as part of its long-term industry-building efforts
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