🚨🚨🚨 Please Exercise Caution!
• The authorities of Beijing and Shenzhen warn about unauthorized stablecoin fundraising, reporting a 50% increase in fraud cases.
• The United States Senate approved the GENIUS Act requiring issuer authorization, full backing, and strict disclosure requirements.
• Global regulators are increasingly focusing on risks related to stablecoins, especially in unregistered fundraising activities.
Main Concerns.
• Systemic risk: The loss of parity of a stablecoin could trigger chain liquidations in DeFi.
• Investor vulnerability: Limited protection against defaults or operational failures.
• Fraudulent schemes using technical jargon and promising unrealistic returns.