Recently, I saw someone discussing in the group whether stablecoins "will lose their peg," and honestly, most of the time it's not a technical issue, but a bank run mentality: you're unsure if others will run first, so you want to run first. Reserve transparency is very practical; no matter how beautiful the reports look, whether people can believe in "redeemable at any time" at critical moments makes a big difference.

By the way, I want to complain that the current information noise is also too high. Incentives on testnets are boosting points like crazy. Although people don’t say it out loud, everyone is secretly calculating whether the mainnet will issue tokens or not. My own noise reduction strategy is simple: first, check the redemption/withdrawal rules and who will cover the losses in the worst case, and treat the rest—emotional posts, screenshots—as background noise. Anyway, I keep the microphone muted during governance meetings… asking questions at the right moment can be quite awkward.