Forbes: Some institutions have contacted Binance to collaborate on launching a new stablecoin to replace BUSD

ChainCatcher news, according to Binance's Chief Strategy Officer Patrick Hillmann, due to the U.S. regulators' ban on BUSD issuer Paxos from issuing more tokens, several private and public entities have expressed interest in collaborating with Binance on new stablecoin initiatives, "especially entities in Europe and the Middle East."

It is reported that the "BUSD alternative" may not choose the U.S. dollar as the anchor currency, but Patrick Hillmann was reluctant to provide further details. (Forbes)