Significant Change for 1 Billion Funds from Binance: Two Stablecoins Instead of BUSD!

Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it has made a significant change in the assets in the trust fund after the industry recovery fund.

Binance March 17 In the announcement published on its official website on Secure Asset Fund for Users (SAFU) located in Binance USD (BUSD) their assets True USD (TUSD) And Tether (USDT) announced the conversion. The stablecoin issuer as the justification for the change Paxoafter pressure from s regulators new BUSD stop printing shown.

by Binance in 2018 created to protect users in a possible crisis SAFUNow Bitcoin (BTC) And BNB (BNB) Besides the USDT And TUSD in total, including 1 billion dollars contains assets.

On the other hand, Binance, thanks to the change in question, SAFUUsers of entities located in to protect in the long term stating that he will continue users on any will have no effect also highlighted. Moreover BUSDover continue to be supported will be and SAFUof the regular by periods to be followed made in descriptions was among.

Binance has been financially struggling recently due to the FTX bankruptcy. in times of need created for companies with industry recovery fund 1 billion dollars BUSD Bitcoin, Ethereum And BNB was transformed.

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