Henan issues risk warning to guard against illegal fundraising in the name of stable coins.

The Office of the Mechanism for Preventing and Combating Illegal Financial Activities in Henan Province reminds that recently some illegal institutions have been using "stable coins" for illegal fundraising, gambling, fraud and other illegal activities. Stable coins are not tools for investment or speculation, and the losses incurred by participating in illegal fundraising are borne by the participants themselves. The general public is advised to enhance their rational investment awareness, increase their risk awareness, and avoid being deceived. If any organization is found to be engaging in illegal fundraising activities under the guise of investing in stable coins, please report it in a timely manner to the relevant local authorities or the public security department.