These days, the group is again discussing stablecoin regulation, reserve audits, and various rumors about "de-pegging." Watching it for a long time really can cause anxiety, but honestly, on-chain privacy for ordinary people is more like "being less exposed," not "disappearing completely." Addresses, transaction paths, which pools you've interacted with—these are quite easy to piece together, especially once you connect your wallet to exchanges or bank cards; the compliance line is basically drawn.

My current expectation is very simple: don't expect to be forever anonymous, and don't treat compliance as a monster. The best you can do is keep track of your fund flows (think of yourself as an accountant), and avoid mixing one address across different uses; when faced with audits or inquiries, at least you can explain it clearly. Anyway, I prefer to spend time making my "explainability" solid, and treat privacy as a bonus, not a talisman.