These days I've been looking at stablecoin reserve reports again. To put it simply, de-pegging is often not due to "insufficient funds," but because everyone panics and rushes out at the same time, with a bank run psychology that moves faster than on-chain data. Transparency is also quite mysterious: the reports look pretty good, but if the redemption channels, market-making depth, and partner banks are vague, it can still cause panic when things go wrong... I no longer treat "1:1" as an ironclad rule; if I can diversify, I diversify—keeping some on-chain, some on exchanges, and some in cash, so I can sleep more peacefully.

By the way, about the points on the testnet—people in the group are guessing whether the mainnet will issue tokens. I also get the itch to do a few more transactions, but thinking about "anticipated bank runs" is actually the same logic as stablecoins: everyone is rushing toward the same door, and the door might not open fast enough.
What I don't regret is that before acting impulsively, I at least checked the docs and looked at the movements of major wallets... I might not always make a profit, but at least I avoid fueling emotional reactions.