#稳定币市场 I just saw the news about JPMorgan freezing accounts of stablecoin startups, and I’m a bit stunned 🤔

I’ve always heard that stablecoins are a "safe" choice, but now I realize there are so many compliance pitfalls behind them. JPMorgan froze accounts of stablecoin companies like Blindpay operating in high-risk markets such as Venezuela. What does this imply? Banks must know where the money comes from and where it’s going; otherwise, the risks are too high.

What does this mean for us newbies? It feels like when choosing stablecoins, you can’t just look at the "stability" label; you also need to pay attention to whether the underlying company is compliant and supported by major institutions. Those projects with irregular operations, no matter how stable they seem, are useless because they could be frozen at any time.

Now I start to understand why some people always emphasize using major stablecoins like USDC and USDT. Although the fees might be a bit higher, at least they are backed by reputable institutions like JPMorgan and Circle, which makes sleep a lot easier 😅

Veterans, do I understand correctly? When choosing stablecoins, is compliance a necessary factor to consider?