Just now, my phone popped up a notification about a "certain stablecoin slightly de-pegging," and the red dot flashed. I thought my wallet was hacked… my heart skipped a beat. Honestly, when stablecoins have issues, it's often not about complex on-chain technology, but rather panic withdrawals that cause people to run first: seeing others rush to swap, you want to swap first too, and the more people do it, the more it seems like there's really a problem.

So now when I look at stablecoins, my first focus isn't on slogans, but on whether the reserve transparency can actually "match up": whether there are real-time/high-frequency disclosures, where the assets are held, and if audits are just annual PDFs or more thorough. If transparency is lacking, during a panic, it becomes a black box—you can't judge, and can only follow the crowd's emotions.

Recently, hardware wallets are out of stock everywhere, and phishing links are everywhere… people's security awareness has improved, but it's also quite ironic: the more nervous they are, the easier it is to make mistakes. Anyway, for myself: I don't follow pop-up prompts; I first calmly turn off notifications, verify through official channels, and then decide whether to swap. That's how I'll do it for now.