Many places have warned against new "stablecin investment" scams
According to online reports, according to Jin Shi, recently, some illegal institutions have used the hot concept of "stablecoin" to promise high returns by issuing or hyping so-called "virtual currency","digital assets" and "stablecoin investment projects"., inducing the public to invest funds to participate in transaction speculation, suspected of carrying out illegal financial activities. In fact, such activities have significant illegal fund-raising risk characteristics. Their operating model often relies on absorbing funds from new investors to maintain operations or pay the profits of previous investors. Once the capital chain breaks or the project party runs away, investors will face a huge risk that the principal cannot be recovered. In response, financial regulatory authorities in many places issued risk warnings to remind the public to avoid being deceived.
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