#稳定币市场动态 Seeing the news about Do Kwon, I couldn't help but recall the heart-pounding days when TerraUSD collapsed. As a long-term observer of the stablecoin market, I am well aware of the tremendous impact such black swan events can have on the entire crypto ecosystem. Do Kwon's request for a maximum of 5 years in prison strikes me as somewhat naive. Considering the wide scope of the case and the heavy losses involved, it is unlikely to gain the judge's favor. However, this also reminds us to be particularly cautious of high-risk strategies tied to stablecoins when following trades, as trouble can often lead to unpredictable consequences. In the future, I will be more cautious in assessing the risk management capabilities of related traders and appropriately diversify allocations to reduce concentration risk.