#稳定币 After the news about JPMorgan freezing stablecoin accounts came out, my first reaction was—this is the reality. Those stablecoin projects that grow wildly in high-risk markets like Venezuela and Iran are essentially playing with fire.

Bank account freezes may seem sudden, but they are actually inevitable. Traditional financial institutions' requirements for fund source verification have never changed; it's just that many new project teams naively think they can bypass them. I've seen too many stablecoin startups that initially promote themselves as decentralized and unregulated, only to reveal their true nature once fiat currency inflows and outflows are involved—they still rely on bank accounts and must pass compliance checks.

The key issue here is: if a stablecoin project's bank account is frozen, the liquidity of the tokens in your hands is gone. What you hold is no longer stablecoins but air tokens. This is not alarmist; it’s a hard-earned lesson from years of experience on the blockchain.

When choosing stablecoins, look at their background: those with legitimate credentials (like USDC, USDT), with clear underlying assets and backed by large financial institutions, at least have a lower risk factor. Newly launched stablecoins that rely on storytelling and community hype, no matter how attractive, should be avoided. In an era of increasing regulatory risk, projects that can survive long-term are those that have followed the rules from the very beginning.