Odaily Planet Daily reported that the Beijing Internet Finance Industry Association stated in its public account that recently, various digital currencies and related concepts represented by 'stablecoins' have attracted market attention. Some illegal institutions and individuals, under the guise of 'financial innovation', 'blockchain technology', 'digital economy', 'digital assets', and other gimmicks, take advantage of the public's insufficient understanding of new financial concepts by issuing or hyping so-called 'virtual currencies', 'digital assets', 'stablecoin investment projects', etc., promising high returns and inducing the public to invest funds for trading speculation. Such activities have significant illegal fundraising risk characteristics: First, lack of qualifications. These institutions or individuals have not been legally approved or filed by the financial management department of the State Council and do not have the legal qualifications to absorb deposits from the public, sell wealth management products, or issue securities. Second, concept packaging. They utilize emerging and complex concepts such as 'stablecoins', 'decentralized finance (DeFi)', 'Web3.0' for packaging and speculation, deliberately creating information asymmetry to confuse investors. Third, false promises. There is widespread exaggeration and false promises such as 'guaranteed profits', 'high fixed returns', 'principal guaranteed with interest', exploiting the public's pursuit of high returns. Fourth, fund pool operations. Their operational model often relies on absorbing funds from new investors to maintain operations or pay returns to early investors. Once the capital chain breaks or the project party runs away, investors will face significant risks of being unable to recover their principal. Fifth, risk spillover. Such activities can easily evolve into illegal fundraising, financial fraud, pyramid schemes, money laundering, and other illegal criminal activities, severely disrupting the economic and financial order, infringing on the property safety of the people, and damaging the foundation of social trust. The Beijing Internet Finance Industry Association solemnly reminds and calls on consumers to: be sure to recognize the essence, be highly vigilant against any investment projects promising high returns and principal guaranteed with interest, and remember that 'high returns are bound to be accompanied by high risks'; before making investment and wealth management decisions, be sure to verify the legal qualifications of relevant institutions and products through official channels of the national financial management department and choose licensed formal financial institutions; fully understand the high complexity and volatility of digital currencies such as 'stablecoins' and related innovative concepts, and establish a correct monetary concept and rational investment philosophy; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance, and unapproved 'digital asset' investment projects to effectively protect personal property safety. If any clues related to illegal fundraising are discovered, please report them immediately to the financial regulatory department, public security department, or this association (association reporting hotline: 400-661-9609). According to laws and regulations such as the 'Regulations on Preventing and Handling Illegal Fundraising', the state prohibits any form of illegal fundraising. Losses incurred from participating in illegal fundraising shall be borne by the participants themselves. Consumers are urged to enhance their risk prevention awareness and jointly maintain a good financial ecological environment.