Lately, people have been discussing whether stablecoins will lose their peg again. Honestly, many times it's not that the reserves are truly insufficient, but that everyone gets nervous and wants to run first; the bank run psychology is very real. Transparency is also quite mysterious: a bunch of incomprehensible tables in reports are less reassuring than being able to verify on-chain at a glance, at least that makes me feel more at ease.

My mom also asked me, "It's called stable, why does it still fall?" I could only reply half-heartedly: stable also needs someone willing to take it on... Anyway, now when I choose stablecoins, it's like mining: I first shine my miner lamp on the reserves/redemption channels, and don't go all-in right away.
By the way, the NFT royalty debate is raging, creators want income, the market wants liquidity, and it feels similar to stablecoins: when rules change, confidence also drifts, and ultimately, it's people's hearts that set the prices. That's all for now.