Following the announcement of a new cryptocurrency named USD1, multiple scams have emerged, with fraudulent tokens using the same name. Notably, the official USD1 is not currently tradable. Prominent figures in the crypto community, including Binance CEO Changpeng Zhao, have warned users against falling for these scams. Zhao emphasized that the legitimate USD1 is not yet available for trading, urging caution. Other voices in the sector echoed these sentiments, highlighting the risks associated with swapping tokens before the official launch. Users are advised to follow official channels for updates and to remain vigilant against counterfeit tokens.