Stablecoins, this thing, usually look like utilities like water and electricity, with no presence; as soon as there's a slight disturbance, it's all about panic withdrawals: you think you're here to exchange 1:1, but actually everyone is rushing to get out first.

Now I see projects only say "we have reserves" and I get lazy to believe; at least they should match on-chain addresses, custody reports, whether the redemption channels are smooth, and if the fee rates have been quietly changed (I really know how to take screenshots and archive this...).

Recently, AI Agents/auto trading has become popular again, with a bunch of scripts running on-chain interactions, the narrative is very hyped, but honestly, when it really de-anchors, I don't know if these automations are accelerators or brakes.
Anyway, I personally value transparency and exit routes more; I worry that by the time the contract is fine, the entry fee rates might quietly "update" first.