Lately I've been looking into stablecoins again, and honestly, many de-pegging issues aren't really technical problems; it's just that once the panic to withdraw starts, it’s hard to stop. As for reserve transparency, people usually find it boring, but when there's a little bit of turbulence, everyone wants to see immediately "do we have it, where is it, can it be redeemed," and if they can't see, they start to imagine the worst, then collectively rush to withdraw. Anyway, I’d rather take it slow and do less for now, as long as I understand the process before releasing anything.

By the way, it's pretty surreal that hardware wallets are out of stock again; as soon as security awareness kicks in, everyone rushes to buy. But the phishing links are also extremely aggressive— the more anxious people are, the easier they are to fall for mistakes. First, control what you can, and don’t let emotions cause your money to run away.