BUSD was once the third largest stablecoin by market capitalization, but now its market cap on the Ethereum chain is only about 50 million USD. BUSD is issued by Paxos Trust Company and is approved by NYDFS. CZ stated that BUSD was hindered in the Operation Chokepoint 2.0 initiative, but now there are many new stablecoins launched on BSC.

On March 23, CZ responded to inquiries about BUSD, stating that BUSD is a reliable stablecoin backed by USD and has terminated its association with "Operation Chokepoint 2.0." This action is government-led and aims to restrict the development of the Crypto Assets industry, with new stablecoins now being launched on BSC. The purpose of Operation Chokepoint 2.0 is to cut off banking services for Crypto Assets companies by pressuring banks.

Odaily Planet Daily According to Arkham monitoring, in the past 5 hours, the US government has transferred various encryption assets to the new Address, including: 548.97 billion SHIB, equivalent to 1.55 million dollars; 5024.189 ETH, equivalent to 17.96914 million US dollars; 13,584,000 BUSD, equivalent to 13,050,000 USD. In addition, RLC, COMP, POWR, and AERGO have also been transferred.

BlockBeats news, on December 4th, according to Arkham monitoring, in the past 3 hours, the US government Address has transferred a portion of the seized funds from FTX/Alameda to two new Wallets, including: 5024 ETH (approximately 18.17 million US dollars), 13.58 million BUSD, 54.89 billion SHIB (approximately 1.55 million US dollars) as well as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM and

According to the monitoring of Paidun, an Address starting with 0x0722..1fa1 has become a victim of zero transfer fraud, resulting in a loss of 10,000 BUSD-T stablecoins.

According to Jinse Finance, market information shows that BUSD has a slight premium, reaching a peak of $1.03 and currently trading at $1.02, with a 24-hour increase of 0.5%. The current market capitalization exceeds $70 million.