According to Jin10, the Beijing Internet Finance Industry Association has issued a risk warning regarding the illegal fundraising utilizing new concepts such as "stablecoin": Recently, various digital currencies and related concepts represented by "stablecoin" have received market attention. Some illegal institutions and individuals, under the guise of "financial innovation", "blockchain technology", "digital economy", and "digital asset" hype, have taken advantage of the public's limited understanding of new financial concepts. They promise high returns through the issuance or speculation of so-called "virtual money", "digital assets", and "stablecoin investment projects", enticing the public to invest funds in trading and speculation.

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