Yi He: Binance Has Allocated $6.34 Billion of Corporate Funds to the User Asset Pool

TechFlow news, October 31: According to Binance co-founder Yi He, Binance has allocated $6.34 billion of corporate funds to the user asset pool. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% reserve coverage.

Yi He stated that Binance will continue purchasing other assets that are not yet fully matched through market and OTC transactions until the replenishment ratio for all tokens reaches 100%. The proof-of-reserves snapshot has been completed, and the full zero-knowledge proof is expected to be generated on November 3, at which time holders of the above 10 tokens can independently verify the reserve status.

Source: TechFlow