Yi He: Binance moved $6.34 billion of its own funds into the user fund; ten major coins are now 100% backed
Binance has allocated US$6.34 billion of its own corporate funds to the User Fund. In the current User Fund, BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all achieved 100% full reserve backing. We will continue to purchase other altcoin assets that are not yet 100% matched through market and over-the-counter (OTC) channels until the replenishment ratio for all tokens reaches 100%. We completed a new Proof of Reserves snapshot at 08:00 (UTC+8) on October 31, 2026, and have updated it on the Proof of Reserves website. This snapshot presents the latest fully verified asset position and is part of our ongoing commitment to transparency. Because generating zero-knowledge proofs requires substantial computing resources, it is expected to take approximately 40 to 50 hours. If you hold any of the aforementioned ten tokens, you can independently verify, once the complete proof is generated, that your assets are backed by at least 1:1 full reserves. The complete proof is expected to be published on Tuesday, November 3, 2026 (UTC).
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