Binance founder CZ responded to community inquiries about the stablecoin BUSD on X platform, saying: "BUSD is a very good USD-backed stablecoin, but it was killed in the Operation Chokepoint 2.0 action in the United States. But on the bright side, there are now many new stablecoins launching on BSC." (Note: Operation Chokepoint 2.0 is a liquidation action against the cryptocurrency industry led by the Biden administration, making US financial institutions not cooperate or provide services for cryptocurrency projects.)