Recently, someone has been talking again about whether stablecoins will lose their peg. My first reaction isn't to look at the candlestick charts, but to check the reserve disclosures and whether the redemption channels are smooth. Honestly, losing the peg is often not about a balance sheet gap, but about everyone wanting to run first during a bank run, causing congestion on the chain or exchange limits, which makes the psychological state even worse.

Lately, the calendar for staking unlocks and token unlocks has been repeatedly used to scare people. As selling pressure and anxiety rise, the first safe haven people turn to is stablecoins, and then they start guessing whether they can hold up or not. Now, I’ve gotten used to two things: choosing more stable and diversified routes, and taking screenshots of abnormal transaction/redemption delays… Anyway, after being squeezed multiple times, I prefer to confirm before acting—impulsiveness rarely ends well.