PANews reported on March 23 that Tom Wan, Data Director of Entropy Advisors, posted on X platform, stating that BUSD was once the third-largest stablecoin by market capitalization, reaching $23 billion, and currently has a market value of only around $50 million on the Ethereum chain. Today, CZ wrote: "BUSD is an excellent US dollar stablecoin, but it was stifled in the US Operation Chokepoint 2.0, but looking on the bright side, many new stablecoins are now being launched on BSC."
