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I recently saw news about a certain stablecoin project and thought of a chilling realization.
Some time ago, an organization suddenly approached me asking if we could collaborate on promotion. I directly refused, and the reason was simple—currently, the BNB ecosystem is my main focus, plus that XUSD stablecoin project just experienced a collapse, causing users to collectively lose trust.
Looking back now, there are indeed some peculiarities. The project team was actively expanding cooperation channels on the eve of the collapse—was this just a coincidence or intentional?
The collapse of the USD stablecoin has sounded an alarm for the entire market. Users are beginning to reassess those projects claiming to be "safe and stable," and their vigilance has clearly increased. From the exchange perspective, the liquidity and trustworthiness of similar projects are declining, and the market is making choices through concrete actions.