Recently, I've been thinking about stablecoins again. Usually, I say "just peg it and be done," but when there's a little wind or grass movement, everyone's first reaction is to run. The bank run psychology is just too real. Transparency of reserves, to put it simply, is giving people an answer to "Can I still get out in time?" The more vague it is, the more the floor price sentiment immediately drops, just like the panic when NFT royalty changes were announced.

Later, I thought it was pretty funny. I clearly know that some information can be checked on-chain, but seeing screenshots and a KOL saying "there might be a problem" still makes my hands tremble.
Not to mention the recent wave of AI Agents and automated trading, where the narrative was hyped up to the sky. But in reality, the on-chain interaction permissions and contract calls are full of pitfalls that no one seriously explained…
Anyway, right now I think: choose stablecoins with more transparent information, sign fewer interactions if possible, and just stay alive first.