#稳定币市场动态 This article about the stablecoin resonated with me. I was once deceived by various so-called "high-yield stablecoin" projects and almost fell into a trap. Looking at it now, stablecoins are essentially a new type of "narrow bank," but they operate on-chain. They do not lend money; they only hoard US Treasuries, which seem safe but actually hide enormous risks.

What worries me the most is that these stablecoins are becoming a financial "black hole", continuously absorbing liquidity but releasing very little. As their scale expands, they could severely impact the liquidity supply of the entire financial system. Moreover, due to the lack of effective regulation, if a run on them occurs, the consequences could be catastrophic.

I believe investors should remain vigilant and not be blinded by the "stability" of stablecoins. After all, they are neither real banks nor subject to traditional regulation. In this rapidly changing crypto world, we must always stay clear-headed and recognize the risks involved. Safety first; remember not to stake all your wealth on seemingly safe "stablecoins."