According to reports from Wu, the Economic Daily has stated that since July, financial management departments and industry self-regulatory organizations in multiple regions have consecutively issued risk warning announcements. With the rising concept of stablecoins, some illegal activities conducted by criminals using stablecoins as a gimmick have started to emerge, and their potential risks are worth high vigilance. Financial management departments and industry self-regulatory organizations in various regions remind consumers that before making investment decisions, they must verify the legitimacy of related institutions and products through official channels of national financial management departments, and choose licensed and regulated financial institutions; fully recognize the high complexity and fluctuation of digital currencies such as "stablecoins" and related innovative concepts, and establish correct monetary concepts and rational investment ideas; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance, and unapproved "digital asset" investment projects, effectively protecting personal property safety.

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