CZ: Prefers to Long-Term Support Mission-Driven Builders
On December 18th, Binance founder Changpeng Zhao (CZ) spoke during a year-end Q&A event, sharing his takes on supporting builders and entrepreneurship:
“I personally prefer backing long-term builders with a mission—folks who’re truly passionate about their work. Market trends shift nonstop: yesterday it was NFTs, today it’s prediction markets, tomorrow it’ll be stablecoins. But those builders need to genuinely love the niche they’re deep into. Adapting products to market demand is fine, but if you completely pivot direction every three months, that means you don’t actually love what you’re doing.
Entrepreneurs have different motivations. Some just want quick cash, setting specific targets like $10M, $50M, or $100M. But entrepreneurship is tough—you need serious stamina; it’s almost like manual labor. Sometimes you’ll pull all-nighters, stay swamped, and handle massive physical and mental pressure.”
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CZ: The stablecoin industry is just getting started, and FDUSD and USD1 belong to the 1.5 generation of stablecoins
On December 18, Binance founder Changpeng Zhao (CZ) made comments during a year-end Q&A session, stating:
“There’s competition in the stablecoin space, but I think that’s good for the overall industry—especially in a brand-new field. The market is huge, and what we’re seeing right now is just stablecoin 1.0. More advanced stablecoins (think those with higher yields or more complex functionalities) haven’t been widely adopted yet; we’re still just getting started.
Current top stablecoins like USDT and USDC don’t offer much yield. Right now, we’re seeing 1.5 versions—such as FDUSD and USD1. FDUSD’s growth is limited due to high friction costs in fiat on/off ramps; USD1 has a strong U.S. foothold, with relevant project announcements today, so I think it has considerable potential.”
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CZ: BNB Chain's monthly transaction volume has increased sixfold, with daily active users surpassing 2 million.
On December 18, Binance founder Changpeng Zhao (CZ) shared updates on BNB Chain during a year-end AMA, emphasizing significant growth for the blockchain this year.
“BNB Chain was somewhat overlooked in past years, but it’s finally gained more attention in 2023,” he said. “We’ve poured more effort and resources into its development, and the growth is really clear.”
CZ highlighted key metrics: the chain’s annual transaction volume has jumped around 600% (a 6x increase), while daily active unique addresses have exceeded 2 million—his last disclosed figure was roughly 2.4 million. “The actual number of users may be a bit lower, but it’s very close to 2 million,” he added. “That’s really exciting.”
“BNB Chain’s transaction volume is now pretty high; I think it’s among the top chains, though I haven’t closely tracked other networks’ data,” he noted. CZ also encouraged developers to build more on the chain, saying he follows BNB Chain’s Twitter to stay updated on its latest metrics.
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CZ: My personal schedule remains largely the same, with Giggle Academy, YZi Labs, and the BNB ecosystem being my current main focuses.
On December 18, Binance founder Changpeng Zhao (CZ) spoke during a year-end Q&A session, sharing:
“The past few years have clearly been a roller coaster. Getting a pardon was definitely a good thing — at minimum, it’s brought a sense of psychological freedom and a sign of recognition, I think. But honestly, not much has changed in practical terms; my daily schedule is pretty much the same as before.
I’m focusing most of my time on four areas:
1. Giggle Academy — a project I’m personally dedicated to that brings me joy.
2. YZi Labs: I’m involved here, mainly connecting with founders to support builders and entrepreneurs. My role is more mentor or coach, which is also really interesting.
3. Supporting the BNB ecosystem — I’ve put a lot of time into this.
4. Advising on national-level crypto strategy: sharing insights on how to bring the industry to different countries, what steps to take, and what to avoid.”
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