#加密市场行情分析 Seeing the U.S. Financial Accounting Standards Board explore the "cash equivalent" qualification for stablecoins in 2026, some friends might get excited and think: Is this a new opportunity for stablecoins?

But I want to remind everyone of a more important issue—rules are still in the exploration stage, which means uncertainty still exists. This is precisely the moment we need to stay vigilant.

I often see investors pouring too much capital into a particular asset when policy favorable news appears. But history tells us that from "planned exploration" to "actual implementation," many variables can occur. Changes in the accounting treatment of stablecoins, while potentially beneficial in the long run, do not eliminate short-term volatility and risks just because they are anticipated.

The most important thing is the old adage—position management is always the top priority. Whether it’s stablecoins or other crypto assets, always ask yourself: what proportion of my total assets does this position occupy? Can I withstand the psychological pressure brought by its fluctuations?

Rule changes are part of the long-term story, but prudent investors never change their allocation rhythm because of a single piece of news. Stay firm where you should, be cautious where you need to be—only then can you seize opportunities during policy exploration without being overwhelmed by risks.