My attitude towards stablecoins is pretty simple right now: use them if you can, but no longer consider them an "absolutely safe zone." When de-pegging actually happens, the first thing to collapse isn't the price, but people's confidence—the rush to withdraw, everyone wants to be the first to run.

So I pay more attention to transparency of reserves—this "boring but effective" thing—at least before something happens, you can see whether it's bank deposits, short-term bonds, or a bunch of unclear notes. Recently, everyone has been checking staking unlocks, token unlock calendars, making it seem like there's always selling pressure coming, but in reality, when this sentiment heats up, stablecoins can also be used as an escape route, and the more they are squeezed, the more likely problems will arise.

My own approach remains the same: diversify holdings, keep a way to withdraw at any time, and when the planned point arrives, take profits and close Twitter... otherwise, it's easy to be dragged back by the next wave of "de-pegging immediately / surging immediately" voices. That's all for now.