Binance covered its SAFU fund to USDC for this reason 

Binance, one of the largest crypto exchanges by volume, is making headlines for its decision to convert its insurance fund to the stablecoin USD Coin (USDC). The exchange cited “reliability and stability” concerns for its move to drop other crypto asset holdings like Bitcoin (BTC) and Binance Coin (BNB) for USDC.  Binance drops BTC, BNB […]