CZ, the founder of Binance, spoke in the AMA and said that in addition to the stable currency First Digital USD (FDUSD), there are new stable currency partners to be announced soon. I don’t want to disclose specific details for the time being. We will support multiple cryptocurrencies.
In addition, the Binance team is working hard to find larger traditional financial payment service providers in the UK or Europe, but these traditional financial service providers are somewhat hesitant to cooperate with cryptocurrencies or Binance.
Several lawsuits have also negatively impacted our users and business. We found that for every time we lost a partner, there were always about 10 new institutions looking to partner with Binance.
So we’re exploring a lot of different new avenues. Hopefully we will be able to restore some services soon. In addition to this, we are also working hard to solve various challenges.