Recently, there has been more discussion about stablecoin de-pegging. To put it simply, many times it's not that something major happens on the chain, but rather the panic of "I'm afraid others will run first" triggers a bank run mentality. As for reserve transparency, it might seem trivial most of the time, but when the situation gets tense, it becomes a lifeline: slow disclosure leads the market to automatically imagine the worst-case scenario, and everyone rushes to exit. No matter how fancy the on-chain mechanisms are, in the end, it's all about trust and liquidity.

Hardware wallets can run out of stock, phishing links are everywhere, which also shows how tense the mood is... I myself am now more relaxed: disperse large amounts first, and use protective transactions when possible, even if it means waiting a few more blocks.
What I don't regret is... every time I see the words "very stable," I first stop to take a sip of tea, then go check how it proves its stability.