Multiple reminders! Beware of new scams in stablecoin investment

Recently, some illegal institutions have taken advantage of the hot concept of "stablecoins" to issue or speculate on so-called "virtual currencies", "digital assets", "stablecoin investment projects", etc., promising high returns and inducing the public to invest funds in trading speculation, suspected of carrying out illegal financial activities. In fact, such activities have significant illegal fundraising risk characteristics, and their operation mode often relies on absorbing funds from new investors to maintain operation or pay the returns of previous investors. Once the funding chain breaks or the project party runs away, investors will face huge risks of unrecoverable principal. In response, financial regulatory authorities in multiple regions have issued risk warnings to remind the public to avoid being deceived. (China Securities Journal)