Mishaboar Warns Against Stablecoin Investments

Mishaboar 警告不要投资稳定币

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.

狗狗币社区中备受尊敬的人物 Mishaboar 发表了一封公开信，建议不要投资 USDT、USDC 和 PYUSD 等稳定币。他警告说，这些资产存在重大风险，可能会导致损失。

Risks Associated with Stablecoins

与稳定币相关的风险

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.

米沙博尔强调了他对稳定币担忧的几个原因。首先，他指出，支持这些资产的储备很容易崩溃，这是业内备受争议的问题。

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等主要稳定币的高度中心化，以及PYUSD的日益普及。他声称支持这些资产的机构（Tether、Circle 和 PayPal）有权根据要求冻结用户持有的资产。

"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

“亲爱的#Dogecoin 社区，正如我反复指出的：持有 USDT、USDC 或 PYUSD 等“稳定”代币本质上是有风险的。这不仅仅是在支持机构崩溃的情况下；这些资产也有风险......” - 米沙布尔

Role of Regulation

监管的作用

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.

米沙博尔的担忧可以通过有效的监管来解决。 Tether 首席执行官 Paolo Ardoino 强调，由于缺乏可靠的框架，美国需要进行稳定币监管。

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.

适当的监管还可以减轻中心化风险。例如，欧盟实施了加密资产市场（MiCA）框架来指导稳定币的发行。此外，算法稳定币 USTC (Terra) 的崩溃促使监管机构在市场损失 400 亿美元后采取行动。

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 主张持有比特币、狗狗币、莱特币和门罗币等加密货币，以及具有实际价值的法定货币，因为这些货币的风险较低。他相信行业内的协作努力可以解决围绕稳定币的问题。

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

通过遵循米沙博尔的建议，个人可以做出明智的决定并专注于更安全的投资选择。