Recently, there has been a flood of news about #稳定币 . Personally, I feel that so-called stablecoins are all pseudo-stable because these stablecoins rely on certain currencies or bonds for backing. If that currency or bond becomes unstable, how can it guarantee that the corresponding stablecoin remains stable? It is obviously a false proposition. Currently, why are USDT and USDC stable? Because they are pegged to the US dollar, which is currently a strong currency. Hong Kong is also planning to issue stablecoins pegged to the Hong Kong dollar, which is indirectly pegged to the US dollar. Last month, #FDUSD briefly crashed but quickly recovered, showing that stablecoins are not really stable; they are merely a medium connecting real currency and virtual currency, weakening the negative impact of virtual currencies and serving as a cover for increasing the US debt pool. The issuance of more and more stablecoins does not change anything about the currency itself, but under the guise of stablecoins, it allows more people to enter the cryptocurrency space and become 'leeks'.

This is just a starting point for discussion; I welcome friends with a deeper understanding of stablecoins to share their opinions.