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TechFlow News — According to a Binance announcement, the company has exchanged BUSD holdings in its User Safety Asset Fund (SAFU) for TUSD and USDT to ensure long-term protection of user assets amid ongoing declines in the BUSD market. Binance stated that the SAFU fund will be closely monitored to maintain sufficient capitalization and will be periodically replenished with Binance's own funds if necessary.Source link
According to a Binance announcement, the company has converted BUSD holdings in its User Asset Protection Fund (SAFU) into TUSD and USDT to ensure long-term protection of user assets amid ongoing declines in the BUSD market. Binance stated that the SAFU fund will be closely monitored to maintain adequate capitalization and will be periodically replenished with Binance's own funds if necessary.
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