Mishaboar Warns Against Stablecoin Investments

Mishaboar 警告不要投資穩定幣

Mishaboar, a respected figure in the Dogecoin community, has issued an open letter advising against investing in stablecoins such as USDT, USDC, and PYUSD. He cautions that these assets carry significant risks and could potentially lead to losses.

狗狗幣社群中備受尊敬的人物 Mishaboar 發表了一封公開信，建議不要投資 USDT、USDC 和 PYUSD 等穩定幣。他警告說，這些資產存在重大風險，可能會導致損失。

Risks Associated with Stablecoins

與穩定幣相關的風險

Mishaboar highlights several reasons for his concerns about stablecoins. Firstly, he notes that the reserves backing these assets are vulnerable to collapse, a highly controversial issue within the industry.

米沙博爾強調了他對穩定幣擔憂的幾個原因。首先，他指出，支持這些資產的儲備很容易崩潰，這是業界備受爭議的問題。

Secondly, he points to the high degree of centralization among major stablecoins like USDT and USDC, as well as the growing popularity of PYUSD. He claims that the institutions supporting these assets (Tether, Circle, and PayPal) have the power to freeze user holdings if requested.

其次，他指出了USDT、USDC等主要穩定幣的高度中心化，以及PYUSD的日益普及。他聲稱支持這些資產的機構（Tether、Circle 和 PayPal）有權根據要求凍結用戶持有的資產。

"Dear #Dogecoin community, as I have stated repeatedly: holding 'stable' coins like USDT, USDC, or PYUSD is inherently risky. This is not just in the event of the backing institution's collapse; these assets are also risky..." - Mishaboar

「親愛的#Dogecoin 社區，正如我反覆指出的：持有USDT、USDC 或PYUSD 等「穩定」代幣本質上是有風險的。這不僅僅是在支持機構崩潰的情況下；這些資產也有風險. ....” - 米沙布爾

Role of Regulation

監理的作用

Mishaboar's concerns could be addressed through effective regulation. Tether's CEO, Paolo Ardoino, has emphasized the need for stablecoin regulation in the United States due to the lack of a reliable framework.

米沙博爾的擔憂可以透過有效的監管來解決。 Tether 執行長 Paolo Ardoino 強調，由於缺乏可靠的框架，美國需要進行穩定幣監管。

Proper regulations can also mitigate centralization risks. The European Union, for example, has implemented the Markets in Crypto-Assets (MiCA) framework to guide stablecoin issuance. Additionally, the collapse of the algorithmic stablecoin USTC (Terra) prompted regulators to take action after the market lost $40 billion.

適當的監管還可以減輕中心化風險。例如，歐盟實施了加密資產市場（MiCA）框架來指導穩定幣的發行。此外，演算法穩定幣 USTC (Terra) 的崩潰促使監管機構在市場損失 400 億美元後採取行動。

Safer Alternatives

更安全的替代方案

Mishaboar advocates for holding cryptocurrencies like Bitcoin, Dogecoin, Litecoin, and Monero, as well as fiat currencies with real value, as these present lower risks. He believes that collaborative efforts within the industry can address the issues surrounding stablecoins.

Mishaboar 主張持有比特幣、狗狗幣、萊特幣和門羅幣等加密貨幣，以及具有實際價值的法定貨幣，因為這些貨幣的風險較低。他相信產業內的協作努力可以解決圍繞穩定幣的問題。

By following Mishaboar's advice, individuals can make informed decisions and focus on more secure investment options.

透過遵循米沙博爾的建議，個人可以做出明智的決定並專注於更安全的投資選擇。