#稳定币 Seeing the collaboration between Velo and WLFI, I have to be honest: the expansion of the stablecoin ecosystem looks lively, but the risks behind it are often overlooked. Integrating USD1 into the Velo ecosystem sounds like a liquidity boost, but this is precisely the area to be cautious about.

Having gone through several cycles, I’ve learned one lesson: the more a project uses terms like "strategic partnership" and "ecosystem expansion," the more you should ask yourself three questions. First, is the reserve backing this stablecoin sufficient? Second, are the partners’ credentials truly verifiable? Third, when the market crashes, can these liquidity commitments still hold?

Don’t be blinded by grand narratives. Concepts like RWA and PayFi do have imaginative potential, but stablecoins are fundamentally financial infrastructure. If the foundation is unstable, everything else is just a castle in the air. When evaluating projects, don’t look at how impressive the partnerships are, but whether you can bear the risk costs. Truly long-lasting players will never be scared off by stories of ecosystem expansion, nor will they relax their vigilance just because something appears "safe."

Conduct thorough due diligence on your own, and don’t rely on any news to give you the answer.