CZ responded to Binance's support for multiple stablecoins: It's not a horse race model; competition will drive the development of stablecoin 2.0.

Odaily Planet Daily reported that during the "2025 Year-End Q&A AMA" hosted by BNB Chain, a user asked whether Binance's long-term support for FDUSD and recent support for USD1 constituted a "horse race" model. In response, CZ stated that he did not believe it was a horse race. When a platform or ecosystem is open, many teams will enter and launch projects; this is a normal operating method in the business world.

CZ pointed out that the platform hopes every project will succeed, but objectively, competition will exist between projects, and this competition is often positive. He believes that network effects will eventually come into play, and users will naturally tend to choose the most competitive products. At the same time, CZ stated that he believes second-generation stablecoins will perform better than current stablecoins.