Today it was pouring rain and the traffic was a nightmare, and the coffee in my hand was already cold before I took two sips... I suddenly thought that stablecoins are quite similar, they seem steady most of the time, but once everyone starts doubting whether the reserves are there or transparent enough, the panic spreads, and the run happens faster than the rain and traffic jam.

As a small-position newbie, I care more about two points now: first, don’t just look at the “promise,” you need to see if they can regularly provide decent proof; second, you have to admit in your heart that “others will panic,” and if something really happens, you might not be the first to run. Recently, there’s been a bunch of memes and celebrities hyping up the market, and veteran players say not to take the final baton... I agree, anyway, I’ll first get the basics like authorization and wallets sorted out, and take it slow.