Recently, I've seen people talk about stablecoin de-pegging again.


Honestly, it's often not that the assets are truly insufficient, but that everyone thinks others are about to run, so they press the panic button first.
As for reserve transparency, nobody usually pays attention until something happens, then the whole network starts searching for screenshots, and the more they look, the more anxious they get...
Right now, I'm more concerned about whether it can be sustained and whether it can steadily reveal the data over time, rather than just throwing out an audit PDF at the last minute to cover up.

It's also quite interesting how the main public chains' upgrades and maintenance are handled before and after.
People in the community are speculating whether the ecosystem will migrate, but the mood is quite similar to a bank run: it's not that the project is immediately leaving, but that users are worried about withdrawals or cross-chain issues getting stuck, so they move their liquidity first.

Can transparency really save de-pegging?
It can save part of it, but it can't change human nature.
Anyway, I'll just watch patiently—I'll pay attention when there's excitement, and wait when things are quiet.
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