He Yi: Binance has allocated $6.34 billion of company funds to the user fund pool

Binance co-founder He Yi stated that Binance has allocated $6.34 billion of company funds to the user fund pool. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% reserve coverage.

He Yi mentioned that Binance will continue to purchase other assets that have not yet been fully matched through the market and over-the-counter transactions until the coverage ratio of all tokens reaches 100%. The reserve proof snapshot has been completed, and the full zero-knowledge proof is expected to be generated on November 3, at which time holders of the aforementioned 10 tokens can verify the reserve situation themselves.