BNB (Binance Coin) thrives as the backbone of the Binance ecosystem, powering low-cost transactions on BNB Chain and expanding into decentralized finance (DeFi) and Web3 projects. However, its reliance on Binance’s regulatory compliance and ongoing legal battles in multiple jurisdictions poses risks to its long-term stability. While Bitcoin and Ethereum prioritize innovation and decentralization, stablecoins like Tether and exchange-driven tokens like BNB highlight the tension between centralization and utility in the evolving crypto landscape.