On November 28th, ten ministries jointly issued a document to crack down on virtual currency trading. On December 5th, seven industry associations issued another risk warning. This time, the risk of "stablecoins" was specifically mentioned, with OTC merchants bearing the brunt, and the price of USDT once plummeting to 1:6.85. Market and policy uncertainty has increased significantly. Time to stop, Azu, and take a break.