PANews reported on March 23 that Tom Wan, data director of Entropy Advisors, posted on the X platform that BUSD was once the third largest stablecoin with a market value of $23 billion, and its current market value on the Ethereum chain is only about $50 million. Today, CZ posted: "BUSD is an excellent US dollar stablecoin, but it was strangled in the US Operation Chokepoint 2.0, but on the bright side, there are many new stablecoins being launched on BSC now."