Zhao Changpeng: The US dollar stablecoin BUSD was strangled in Operation Chokepoint 2.0

ChainCatcher news, Binance founder Zhao Changpeng responded to community inquiries about the stablecoin BUSD on the X platform, stating: "BUSD is an excellent dollar stablecoin, but it has been stifled by the Operation Chokepoint 2.0 initiative in the U.S. On the bright side, many new stablecoins are now being launched on BSC."

(Note: Operation Chokepoint 2.0 is a liquidation initiative led by the Biden administration targeting the cryptocurrency industry, resulting in U.S. financial institutions not cooperating or providing services related to cryptocurrency projects.)