Odaily Planet Daily News Binance founder CZ responded to the community's inquiry about the stablecoin BUSD on the X platform and said: "BUSD is an excellent US dollar stablecoin, but it was strangled in the US Operation Chokepoint 2.0, but on the bright side, there are now many new stablecoins launched on BSC."
(Note: Operation Chokepoint 2.0 is a liquidation action led by the Biden administration against the cryptocurrency industry, which has caused US financial institutions to not cooperate or provide services related to cryptocurrency projects.)