Binance's CEO, Changpeng Zhao (CZ), mentioned that there is a new partnership in the works between Binance and a stablecoin issuer. The reason behind Binance introducing the stablecoin FDUSD was due to the end of its previous partnership with Paxos. In 2019, both companies jointly launched the USD-denominated BUSD. However, New York state regulators instructed Paxos to halt minting new tokens earlier this year.

Currently, Binance has no plans to list its own stablecoin. Instead, the company aims to collaborate with other companies that specialize in stablecoin products.