I’ve made a small rule for myself: don’t treat stablecoins as “cash”—at most use them as a bridge tool, and then get out once they’ve served their purpose. To be blunt, the de-pegging problem is often not about how complicated it is on-chain; it’s about people running because of a bank run mindset—no one’s being reasonable. Even if the reserves are perfectly transparent, they still can’t withstand emotional stampedes. Now I don’t just look at a project’s announcements—I also casually check how often it updates its proofs and whether the redemption channels are smooth. Don’t wait until the chat starts spamming stuff like “Is something going to happen?” before you realize. Recently, someone has been using ETF fund flows and the risk appetite of US stocks to explain crypto price swings—I’ve seen that too, but I’m not really comfortable using it as psychological reassurance that things are “stable”… Anyway, live first; it’s fine to move a bit slower.