Beware! Scammers are targeting stablecoins, watch your Wallet!

Recently, the weather has been hot, and the term "stablecoin" has also become quite popular. But guess what? With the popularity, scammers are getting active! Many financial regulatory authorities and reputable industry organizations have urgently posted notices: "Attention, neighbors! Some bad guys have started to use the name of 'stablecoin' to cause trouble, and the risks are significant, so don't be fooled!"

So what tricks are those scammers playing? To put it bluntly, they are dressing up those illegal fundraising schemes and scams in a trendy "stablecoin" or "digital currency" disguise, looking impressive and tricking people into jumping in.

The official reminds everyone to keep a tight grip on their wallets and remember these points:

Before investing, first "verify the identity"! No matter how extravagant the financial project claims to be, the first step is a must! You must go to the official websites of the national financial authorities (such as the central bank, the banking and insurance regulatory commission, the securities regulatory commission, etc.) to check. What to check? Verify whether the institution selling the products is recognized by the state and has a formal license as a "regular army"! If not, turn around and leave, don't hesitate! Only recognize those that are "licensed"!

Don't be fooled by the name! "Stablecoin"? Sounds like it's stable, right? Wake up! This thing, along with all those various "digital currencies" and "blockchain investments", can be very deep! The complexities behind it are severe, and the prices are like a roller coaster—stable today, but might crash tomorrow. Don't think it's truly stable just because it's called "stable"! Have a correct understanding of money, and be clear-headed when investing; don't be greedy!

Don't mess with it, just avoid it! When you see these things below, just take a detour and stay as far away as possible!

Those mysterious and skyrocketing "virtual coins";

Projects that claim to issue coins themselves and promise you to "buy early to get rich early" (illegal token issuance);

The so-called "digital assets" and "metaverse investments" that have not been approved by the state...
In short: Any so-called "new concept investment" that sounds mysterious, promotes huge profits, and lacks official endorsement is likely a scam!

In the end, the officials are saying so much with good intentions, but the core message is: There's no free lunch! Keep your Wallet tight, and don't let those scammers pretending to be "stablecoin" and "digital currency" succeed! Safety first, be rational, and don't invest blindly!