nerd
@nerrd
'Binance announced that it will convert all of its Secure Asset Fund for Users (SAFU) from BTC BNB USDT TUSD to $USDC. SAFU is usually set at $1 billion' 4? π±
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Manator.eth π©πππ
@manator
Why 4? Itβs good news isnβt it?
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nerd
@nerrd
What's good for us about Binance selling BTC and BNB? I don't think that's good news, sir
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Manator.eth π©πππ
@manator
Fair, my perspective was rather on the safety aspect of the assets, so now it is a really emergency fund. I think the impact depends on how the asset split, e.g. amount of USDT etc, was and if they plan to market sell it. Seems also suspicious timing wise to me.
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