"BUSD is a very good dollar-backed stablecoin, but it was killed in Operation Chokepoint 2.0 in the US, but on the bright side, there are now many new stablecoins launched on BSC," Binance founder CZ said in response to community inquiries about BUSD on the X platform. (Note: Operation Chokepoint 2.0 is a liquidation of the cryptocurrency industry led by the Biden administration, which has caused the US Financial Institution Group to not cooperate or provide cryptocurrency project services.)