The Secure Asset Fund for Users (SAFU) is Binance's emergency insurance fund, established in July 2018 to protect users' assets during extreme situations such as security breaches or unforeseen events. Binance allocates 10% of all trading fees to SAFU, which is stored in secure cold wallets. As of April 2024, the fund holds approximately 1 billion USDC. SAFU serves as a financial safety net, ensuring that users' funds are safeguarded even in adverse scenarios. This initiative underscores Binance's commitment to user protection and builds trust within the crypto community. For more details, visit Binance Academy #StaySAFU