Top cryptocurrency exchange Binance plans to convert stablecoin holdings in its $1 billion user protection fund to bitcoin over 30 days. The move aims to enhance security for users against potential losses from unforeseen events like hacks, with a commitment to regular audits. If BTC price drops fund below $800 million, Binance will top it up.

Binance’s proof-of-reserves report as of 2025 shows users holding around $163 billion in crypto tokens on the platform. Stablecoins are digital tokens tied to external references like USD. Bitcoin, the top cryptocurrency, has a market value exceeding $1.6 trillion. The exchange’s initiative reflects ongoing industry-building efforts.

Read more at Yahoo Finance: Binance to shift $1 billion user protection fund into bitcoin amid market rout