Recently, people have been talking about stablecoin de-pegging again, and I actually feel quite sensitive about it: usually, it looks stable at 1:1, but when emotional turning points occur, the panic selling mentality spreads faster than on-chain data. The transparency of reserves essentially boils down to "are you willing to lay your cards on the table," otherwise, when the wind blows, people's first reaction isn't to verify authenticity but to run first and ask questions later... I’ve also fallen into this trap before, and later I developed a habit: diversify positions, check both on-chain data and announcements, so that at least if something really happens, I won't be forced to go all-in and become liquidity during a panic.

By the way, recently meme coins and celebrity endorsements have become popular again, and as attention shifts, newcomers tend to chase the emotions. But stablecoins are more like the foundation—don't wait until the foundation is loose to scramble for the last baton. Anyway, I’d rather earn a little less and sleep more peacefully.