Recently, I've been looking at stablecoin reserve disclosures again, and the more I look, the more I think this stuff is quite like a glass cup: normally it’s fine to fill it with water, but once everyone reaches out to grab it at the same time, the thinness of the cup wall immediately reveals the truth.

De-anchoring is often not just an issue on the asset side, but also the psychological linkage during a run. To put it simply, it’s about trusting me, I trust you, that’s what holds that line.
Now AI Agents and automated trading are also starting to interact on-chain with a single click, the narrative is quite lively, but what I care more about is: who presses pause when something goes wrong? Permissions, risk control, redemption channels—these details no one likes to discuss.
Anyway, I regret not the outcome, but that I was only focused on “convenience” at the time, without walking through transparency and the worst-case scenario.
Let’s leave it at that for now, and watch it slowly unfold.