📢 Flash
He Yi: Binance has allocated $6.34 billion of corporate funds to the user asset pool.
Binance co-founder He Yi revealed that the company has injected $6.34 billion of its own funds into the user asset reserve pool. Full 100% reserve coverage has now been achieved for ten tokens: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC. For other assets not yet fully reserved, Binance will continue topping up reserves via public markets and OTC channels until all tokens reach 100% reserve coverage. The reserve proof snapshot has been completed; the full zero-knowledge proof is expected to be generated on November 3, enabling holders of the aforementioned ten tokens to independently verify their reserve status.