ChainCatcher news, according to the official announcement, Binance has announced that COP has been added to the Binance Convert service, and users can now exchange COP for BTC, USDT, and any other tokens supported by Binance Convert with zero fees.

ChainCatcher news, Binance stated that the Secure Asset Fund for Users (SAFU) is an emergency insurance fund established in 2018, aimed at protecting Binance users in extreme situations, which is also one of the key distinctions between Binance and other exchanges. Over the years, Binance has been monitoring the scale of SAFU, maintaining a balance of funds to adequately protect users. Although it has fluctuated, it generally remains at the level of $1 billion.It is reported that SAFU remains a core part of Binance's responsibility to the ecosystem, and Binance is continuously evolving to respond to market conditions. Now, Binance has converted 100% of SAFU's assets into USDC. Utilizing a trusted, audited, and transparent stablecoin to manage SAFU further enhances its reliability and ensures it remains at a stable level of $1 billion.

ChainCatcher news, Binance announced the addition of CZK to Binance Convert. Users can now trade CZK against BTC, USDT, and any other tokens supported by Binance Convert for free.It is reported that CZK is a fiat currency and does not represent any other digital currency.

ChainCatcher news, Binance announces the addition of the euro-pegged stablecoin AEUR in Binance Convert, allowing users to trade AEUR with BTC, USDT, and other tokens supported by Binance Convert at zero fees.

According to ChainCatcher news, Binance announced that it has exchanged the BUSD held in the User Security Asset Fund (SAFU) for TUSD and USDT to ensure the long-term protection of users' assets in the SAFU amid the continuous decline of the BUSD market. Binance stated that the SAFU fund will be closely monitored to ensure its capital adequacy and will regularly replenish funds using Binance's own capital when necessary. (Source link)

ChainCatcher news, regarding Binance's previous conversion of USDC to BUSD, today BUSD's market share reached an all-time high, with a supply close to $22 billion. FTX founder SBF stated that this change by Binance triggered a change in supply. Thus began the second great stablecoin war (the first ended around 2018, with USDC and USDT defeating TUSD/GUSD/USDP). The second stablecoin war is different in that:Positive interest rates, stablecoins have more income;So far, stablecoin issuers have learned the core lesson: never stop redemptions, or the stablecoin will no longer be stable. Currently, we may be the largest non-aligned player in the stablecoin ecosystem. Bybit, various blockchains, tradfi, and market makers are also in the same situation.According to previous news, as per the official announcement, in order to improve user liquidity and capital efficiency, Binance will automatically convert users' existing USDC, USDP, and TUSD stablecoin balances and new deposits to BUSD at a 1:1 ratio. (source link)