Scam patterns
Counterfeit stablecoins
A token copies a major stablecoin name without the issuer's contract or redemption claim.
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In this article
Overview
A token copies a major stablecoin name without the issuer's contract or redemption claim.
Why it matters
The visual balance can look valuable despite no backing or market.
What to check
Verify issuer, contract, liquidity and redemption independently.