Yeah, I just checked a few stablecoin on-chain addresses, and there’s one question that’s been on my mind for a long time—these days, everyone says they trust things in public, but deep down, it’s all hanging by a thread. You say reserves are transparent, but every time right before a depeg, customer service keeps saying, “Nothing to worry about,” while the on-chain data is quietly shifting. Recently, new L1/L2 networks are rolling out incentives to pull TVL, and long-time users are mining at the same time while complaining about “mine-to-sell.” Put simply, aren’t they worried about whether the project team’s core holdings are really stable? That string in everyone’s mind is stretched so tight it’s about to snap. I’m going to get back to work.

L1-48.06%
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