Last night, just before bed, I saw someone talking again about whether "stablecoins will lose their peg." My first reaction wasn't really about how advanced the technology is, but rather how easily people panic. As for reserve transparency, honestly, it's like watching a bank queue: you don't care usually, but once you see others start withdrawing, your mind automatically adds, "Maybe I should also convert back now?" Bank runs often aren't because something has already gone wrong, but because everyone thinks "others will be the first to run."

I'm now honestly diversifying my holdings, only taking a little of what I can understand in terms of reserves and acceptable risks, and the rest I place orders on slowly, not chasing after missed opportunities. Recently, developers are excited about modular and DeFi layer narrative development, but users are completely confused... I am too, understanding half of it, and the other half just as background noise. Just don't think of stablecoins as "forever stable."