Recently, the group has been sharing again that "a certain stablecoin is about to depeg," and a few screenshots are enough to stir up people's emotions... I used to be influenced by the hype too, rushing to switch to other assets, but it mostly turned into a race against panic withdrawals, not a race against on-chain data.

When I was a beginner, I misunderstood stablecoins as bank deposits, thinking 1 equals 1, at most slow to settle.
My current understanding is: they are more like a redeemable ticket that can be exchanged at any time, and the transparency of reserves (audits, custody, asset composition) determines whether people are willing to queue.
Rumors cause the line to get chaotic, and a price dip is normal.
Regulatory and audit news are circulated back and forth.
Anyway, my current approach is very simple: first check if the redemption channels are smooth and whether there are any anomalies in large on-chain redemptions, then decide whether to act, rather than following trending topics.