In the field of Crypto Assets, stablecoins, as a relatively emerging concept, are attracting widespread follow, but they also conceal many risks. Various regions, including local governments in Zhejiang, Suzhou, and Beijing, have begun to issue warnings.



Stablecoins were originally designed as Crypto Assets with relatively low price volatility, such as USDC and USDT, primarily used as a means of payment. However, some criminals are taking advantage of the public's lack of understanding of this concept, packaging it into various seemingly legitimate investment products, such as 'virtual currency investment projects' or 'stablecoin wealth management plans'.

These criminals often use the promise of high returns as bait to attract investors. They may even leverage certain trending events, such as news of rising stock prices of related companies, to enhance the credibility of their scams.

However, it is important to clarify that stablecoins essentially lack appreciation potential and are not suitable as tools for investment profit. These so-called high return promises are likely just a form of fraud.

Therefore, in the face of various investment opportunities under the name of stablecoin, investors need to remain highly vigilant. Before making any investment decisions, it is essential to thoroughly understand the nature of the product, assess the potential risks, and avoid falling into these meticulously designed financial traps.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
CryptoTarotReadervip
· 18h ago
play people for suckers就完事了
View OriginalReply0
BridgeJumpervip
· 08-15 12:52
Be Played for Suckers new tricks with stablecoins?
View OriginalReply0
CommunityJanitorvip
· 08-15 12:51
Be Played for Suckers tricks are old and worn-out.
View OriginalReply0
PessimisticLayervip
· 08-15 12:48
There are more and more scammers.
View OriginalReply0
MoneyBurnerSocietyvip
· 08-15 12:42
Stablecoins, this kind of non-appreciating thing, I managed to turn it into negative returns, professionally bringing losses~
View OriginalReply0
SandwichHuntervip
· 08-15 12:37
suckers are suckers play people for suckers are hands
View OriginalReply0
FUD_Whisperervip
· 08-15 12:30
Do you believe in coins that cannot appreciate?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)