I just reviewed the reserve reports of several stablecoins again, and after reading them, I feel even calmer: when something really happens, the report may not save you; a bank run sentiment is the real trigger. On-chain, watching a bunch of people rush to the same exit at the same time, de-pegging is often not caused by a "bad debt" happening first, but by "fear" happening first. Anyway, my current habit is: don't treat stablecoins as deposits, treat them as overnight cash; diversify storage, keep two channels that can be exchanged at any time, and if you really need to run, don’t compete with others for the last slippage slot. Recently, memes and celebrity calls have started again, and newcomers are most likely to get excited and treat "stability" as something unmanaged... veteran players' advice not to take the last hit actually refers not only to copycats but also to the tail end at the moment of de-pegging. For now, just hold on and endure slowly.

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