On November 20, Zhao Changpeng said in an interview with CNBC that BUSD was issued and maintained by Paxos rather than by BINANCE. In a bear market, the exchange should hold a large number of stable currencies, otherwise it can be regarded as a dangerous signal. Even if all customers withdraw money at the same time, it will not affect the normal operation of BINANCE. All cryptocurrencies of BINANCE are fully supported by reserves.

Issuing tokens is the best way of financing, but it is full of fraud. The issue of tokens should not be prohibited, but companies that abuse such tools should be prohibited. In addition, BINANCE will release a fully independent asset reserve audit in a few weeks. BINANCE has always supported the supervision of the industry, but the supervision needs to find a balance point, which not only encourages innovation, but also punishes bad people and protects users. Zhao Changpeng also firmly believes that the market will recover from the crisis and the industry will become healthier.