Why is busd being phased out?

Could you please elaborate on the reasons behind the phasing out of BUSD? Is this a decision made by the creators of the stablecoin or is it due to market forces? Are there any specific concerns or issues that have led to this decision? Additionally, what implications does this have for users of BUSD and the cryptocurrency market as a whole? Understanding the rationale behind this move is crucial for investors and stakeholders alike.