Recently, I have been communicating with several long-term investors and have clearly felt a shift in the mindset of crypto investors. The once common boast of "hundredfold coins" and "ten-thousandfold mining" has now been replaced by the question, "Is there a more reliable option?"

This change is actually quite reasonable. The crypto market has always been volatile, and in such an environment, blindly pursuing extreme returns often results in losses. In contrast, keeping stablecoins active and generating reasonable returns through relatively low-risk methods has become the genuine need for more people.

When it comes to stablecoin investment products, the market is not short of options. However, products with seemingly outrageous APR often have serious issues—some have mechanisms so complex that they are hard to understand, while others rely on later entrants' funds to subsidize early participants. Such models generally cannot last long.

There are also projects with different approaches. For example, some teams are not in a rush to boast about high yields but instead focus on understanding what users truly need. In the high-volatility environment of the crypto world, a good financial tool should have three qualities: controllable risk, flexible operation, and stable returns. This may sound like an impossible combination, but it is precisely what they aim to solve.

Take the USD1 investment strategy as an example. Its logic is straightforward—rather than fooling users into betting on hundredfold market movements, it is designed around these three goals. The project maintains good transparency; it clearly explains the flow of funds, sources of returns, and key risk points. Such transparency is crucial for users, helping them better assess the costs and benefits of participation.

In the financial field characterized by information asymmetry, being able to clearly explain the mechanism itself is a form of sincerity.