Binance CEO Changpeng Zhao (CZ) has publicly refuted claims regarding his participation in a BNB treasury reserve fundraising initiative. The denial specifically addresses allegations that CZ maintains personal stakes in entities connected to the effort.
A community member recently alleged that the executive holds a 28% ownership stake in a publicly listed company tied to the treasury fundraising. CZ categorically dismissed these assertions, asserting no involvement in the initiative or related corporate holdings.
Separately, the report references BNB Chain’s ongoing efforts to accelerate decentralized finance (DeFi) adoption. This includes developing its native USYC stablecoin, which utilizes U.S. Treasury Bonds as collateral to enhance ecosystem stability.