<ul data-eligibleForWebStory="false"><li>Chinese authorities have issued a warning about fake stablecoins flooding the market, posing as financial innovations to deceive investors.</li><li>Regulators in China have identified several new projects offering fraudulent stablecoins without actual reserves, leading to scams like Ponzi schemes and money laundering.</li><li>Unlike established stablecoins like USDT and USDC, these fake tokens lack safeguards and are often associated with criminal activities like gambling.</li><li>Global adoption of stablecoins remains strong, with fiat-backed tokens dominating the market, while Chinese authorities urge caution and vigilance against unauthorized stablecoin issuers.</li></ul>

Fake Stablecoins Flood Chinese Market, Authorities Issue Warning

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