In the past, I really treated stablecoins as a “cash substitute,” and I didn’t give on-chain transfers back and forth too much thought. Now it’s not like that anymore. The moment I see the phrase “possible de-pegging,” I get an automatic reflex: first, go check the reserve report, who the custodian is, and how often it’s updated. Even if it triggers my OCD, I still have to look… Honestly, when something really goes wrong, it’s not the technology that fails first—it’s people panicking first. Once a run starts, everyone wants to be the first to get out, and the line instantly gets overwhelmed.

Recently, some people have also been complaining that miners/validators make money off MEV ordering, and that retail users are like people lining up to buy tickets who get cut in line. That sense of “unfairness” can also intensify panic: the more you feel like you’ll always end up being the last to settle, the more you want to withdraw early. Anyway, my current habit is: keep large amounts diversified, use fewer chains, and before signing, take another look at the address and the permissions. If it takes longer, so be it—at least don’t end up getting “killed” by fake links and chained authorizations.