Last month, when Stream Finance's XUSD crashed to $0.18, Xiao Min sent me a message: "Teacher, I listened to you and didn't touch high-yield stablecoins, and now my principal hasn't decreased at all!" Looking at her message, I remembered another friend I advised last year, who didn't listen and invested 200,000 into a "Treasury Strategy" with an annualized return of 60%, only to end up losing even the principal.
The stablecoin market in 2025 is simply a disaster area for "yield traps": XUSD evaporated 93 million user capital, deUSD collapsed due to large defaults, and USDx was suspected of being manipulated and crashing. These problematic projects have a common point: they claim "high yields" while using opaque collateral and circular leverage to support their facade. Yet, some people believe in the myth of "easy profits" and treat stablecoins as "risk-free investments."
My "life-saving rule" for stablecoins may sound a bit silly, but it definitely works: First, only touch "collateralized and transparent leading coins", like USDC, which has real-time reserve proof and is backed by compliant institutions. Even if the yield is only 3%, it's more reliable than high-interest options; Second, stay away from "interest-bearing products with annualized returns exceeding 15%". The essence of stablecoins is "the dollar of the crypto world", not a tool for exorbitant profits. The higher the yield, the greater the leverage and risk behind it; Third, diversify your storage. Don't put all your funds into one platform, even if it's a big one. Keep some in an offline wallet to guard against black swans.
Here's a practical tip: To check the safety of stablecoins, don't look at marketing documents. Go directly to the official website to find the "reserve asset report" and focus on the proportion of cash and short-term government bonds. If the proportion is below 80%, just pass; then go to the on-chain browser to check for large transfers. If there is a large amount of funds transferred out of the project wallet during a certain period, hurry to withdraw. Before the XUSD explosion this year, I discovered anomalies through on-chain data and warned my followers to liquidate in advance.
Some people say I am "too conservative" and have missed many high-yield opportunities. But I have seen too many bloody lessons: In 2022, algorithmic stablecoins collapsed, and some lost half their life savings overnight; In 2025, during this wave of explosions, how many people lost their principal because they were greedy for a little interest? In the crypto circle, surviving is ten thousand times more important than making quick money. If you can't even protect your principal, how can you wait for the next wave of market?
The stablecoin market is currently being reshuffled. Projects that stand firm through compliance and transparency will become the safe havens for funds in the future.
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