Binance, a global leader in cryptocurrency exchange by trading volume, has taken significant steps to enhance the reliability of its Secure Asset Fund for Users (SAFU).

In a strategic move, the exchange converted $1 billion of its SAFU reserves from Bitcoin (CRYPTO:BTC) and Binance Coin (CRYPTO:BNB) into the stablecoin USDC (CRYPTO:USDC).

This decision underlines Binance's commitment to safeguarding user assets and strengthening the overall stability of its financial safeguards.

The conversion was executed in two major transactions during the early hours of Thursday, marking a notable shift in the management of the exchange's SAFU reserves.

This transition to USDC is part of Binance's broader efforts to ensure the safety and reliability of its platform for users around the globe.