Lack of Transparency: Legitimate stablecoin projects typically disclose their asset reserves and audit reports to ensure the authenticity and stability of their value. Fake projects, however, often fail to provide detailed asset proof or audit reports and may deliberately conceal relevant information. When choosing a stablecoin project, investors should focus on its transparency and the availability of information. Verify its authenticity by reviewing its white paper, official website, and third-party audit reports.