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#稳定币发展与监管# The news about this RWA coin stock listing is not simple at all. It seems like a good thing, but the risks are significant. First of all, the play of tokenizing physical assets sounds impressive, but in essence, it's still about playing with financial leverage. Many similar projects have failed before, and we must not forget the lessons. Secondly, regulation is also a big issue. The SEC's approval is a good thing, but it's still uncertain how the subsequent regulation will keep up. Moreover, mixing this new play with TradFi raises the question of who will take responsibility if problems arise? Lastly, a reminder: don't be fooled by the hype; no matter how good the project is, it’s essential to recognize the risks. We retail investors must remain cautious and not risk all our hard-earned money.