These days I've been checking the mempool again, and I saw someone treating stablecoins like cash that can be used and withdrawn at any time, which makes me a bit uneasy... Honestly, de-pegging often isn't because the assets are truly gone, but because panic selling causes people to go crazy first. The transparency of reserves is also quite mysterious: no matter how thick the reports are, can you understand them at a glance during critical moments, and can they be updated in time? Otherwise, one message in the group saying "something's wrong" can cause the entire team to panic on the chain.

By the way, regarding the AI Agents wave, the automated trading bots run very fast, but I'm more concerned whether they are really focusing on safety or just hyping narratives. If they hit a moment of de-pegging and cause sudden volatility, with slippage magnified, humans and robots alike will panic. Anyway, I plan to avoid high leverage for now and leave some buffer.