Are stablecoins really that "stable"?

I don't want to scare myself either, but every time I see the order book suddenly thin out, and the funding rates start jumping around, I know the market's panic is back... To put it plainly, de-pegging is often not a technical issue, but because everyone suddenly loses confidence, runs first, and the more they run, the more it crashes. As for reserve transparency, nobody pays attention during normal times, only to realize when something goes wrong that the "report" is far from the ability to redeem immediately. Recently, modularization and the DeFi layer have been hyped up, developers are excited, but users look confused. I think it's similar to stablecoins: no matter how hot the narrative, when real stress testing happens, it all comes down to cash flow and redemption speed. My current approach is very simple: diversify storage, don't rely on a single method, and at night, just turn off the software to minimize losses—that's the most important.