Binance said Friday it will gradually convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users (SAFU) into bitcoin over the next 30 days, with regular audits planned to monitor the process.

The SAFU fund acts as an emergency reserve to protect users from losses caused by unexpected events, such as hacks. Binance said the conversion will occur in stages throughout the month.

The exchange added that if bitcoin’s price swings reduce the fund’s value below $800 million, it will top the reserve back up to $1 billion.

“This initiative is part of Binance’s long-term efforts to build the industry, and we will continue advancing related work while sharing progress with the community,” the exchange said in a translated post on X.

Binance’s 2025 proof-of-reserves report shows users hold approximately $163 billion in digital assets on the platform.

Stablecoins are digital tokens pegged to external references like the U.S. dollar, while bitcoin is the world’s largest cryptocurrency by market capitalization, valued at more than $1.6 trillion.