#稳定币 Seeing the news about Australia and Interactive Brokers, I have to say a few heartfelt words. Relaxing regulations is not inherently a bad thing, but this is precisely the moment we need to be most vigilant.

Remember those projects a few years ago that claimed to be "compliant and innovative"? When regulations loosened, all kinds of funds flooded in, and in the end, most retail investors became the bagholders. Stablecoins seem safe on the surface, but in reality, they are excellent tools for capital absorption—institutions and big players use them to concentrate liquidity. When risks appear, liquidity can freeze instantly, and we are the slowest to react.

The key issue is this: exemption measures lower the entry barriers, meaning more platforms and intermediaries will emerge to offer stablecoin services. Sounds good, but you have to ask yourself—who is behind these new entrants? How is their risk control and capital reserve? Remember the USDC incident and Luna event? Wasn’t each one under the banner of "regulatory friendliness"?

My simple advice: if you’re going to use stablecoins, stick to the top few that are backed by real assets and have weathered cycles. Don’t touch new platforms no matter how convenient they seem, and stay far away from those claiming "higher yields" and "faster transfers." Regulatory friendliness does not mean risk disappears; sometimes it’s the beginning of new traps. It’s a lesson learned through many painful experiences.