CZ Urges Banks To Adopt BNB Amid Historic Rise

On September 13, Binance Coin (BNB) crossed a symbolic threshold by briefly surpassing the market capitalization of the Swiss bank UBS. Such an event illustrates the rising power of cryptos against traditional financial institutions. Changpeng Zhao, co-founder of Binance, immediately reacted, calling on banks to “adopt BNB”. As the crypto reaches a new all-time high, this statement revives the debate about the integration of native tokens in banking strategies in the era of decentralized finance.

A new all-time high : BNB surpasses UBS

The native crypto of the BNB Chain reached a new all-time high at 940 dollars thanks to the collaboration with Franklin Templeton.

Following this, its market capitalization peaked at $130.9 billion, briefly surpassing that of UBS (Union Bank of Switzerland), valued at about $129 billion.

This symbolic overturn did not fail to provoke a reaction from Changpeng Zhao (CZ), founder of Binance and former CEO of the platform, who soberly commented on the event on the social network X: “Banks must adopt BNB”.

https://twitter.com/cz_binance/status/1966779731530891417

Here are the key facts to remember about this symbolic breakthrough :

• BNB reached a new all-time high of $940 after several consecutive days of increase ;

• BNB’s market capitalization temporarily surpassed UBS’, reaching $130.9 billion compared to $129 billion for the Swiss bank ;

• UBS is historically one of the largest private banks in the world, with an international presence and a reputation firmly anchored in traditional finance ;

• This surpassing, although temporary, remains emblematic of the current momentum in the crypto market, especially in a context where assets are regaining ground against classic institutions.

If BNB can surpass in value a bank founded in the 19^th century, it testifies to a structural change that goes beyond mere market speculation.

CZ’s call : towards banking adoption of BNB ?

Beyond market performance, it is CZ’s public statement that caught attention. Far from trivial, this position takes place in a context where CZ, although distant from Binance’s operational management, remains an influential player in the sector.

He is currently an advisor to the governments of Pakistan and Kazakhstan on crypto issues, which gives his statements strategic weight, especially on institutional adoption questions.

The call for BNB adoption by banks can be interpreted as an attempt to broaden the crypto’s utility beyond its original ecosystem. While stablecoins currently dominate emerging banking uses related to blockchain, CZ seems to want to position BNB as a complete infrastructure, with its governance mechanisms, its BNB Chain, and its integrated use cases.