On March 23, in response to community inquiries about the current situation of BUSD, CZ replied, "BUSD, a completely reliable stablecoin backed by US dollars, was terminated as part of 'Operation Chokepoint 2.0' (a government-led liquidation operation targeting the cryptocurrency industry). The good news is that many new stablecoins have been launched on BSC."

BlockBeats Note: The main purpose of Operation Chokepoint 2.0 is to "strangle" the development of the industry by pressuring banks and financial institutions to restrict or cut off banking services for cryptocurrency-related businesses and individuals.