He Yi: Binance has allocated $6.34 billion in corporate funds to the user fund pool.

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

Yi He stated that Binance will continue to purchase other assets that are not yet fully matched through market and over-the-counter transactions until the topping-up ratio for all tokens reaches 100%. The Proof of Reserves snapshot has been completed, and a complete zero-knowledge proof is expected to be generated on November 3, at which point holders of the aforementioned 10 tokens will be able to independently verify the reserves.