Binance CEO Changpeng Zhao (CZ) recently revealed the company's plans regarding stablecoins, following its support for FDUSD, a stablecoin issued by Hong Kong custodian First Digital Trust. The increased efforts in this field come as a result of the suspended collaboration with Paxos, which was ordered by the New York Department of Financial Services to stop issuing the Binance USD (BUSD) stablecoin earlier this year. CZ stated that Binance has no intention to list its own stablecoin but will instead collaborate with other companies focusing on that product. He also mentioned that Binance is interested in digital assets tied to the valuation of the euro and has a team working on algorithmic stablecoins.