These days, I've come across a bunch of RWA on-chain projects again, claiming that "liquidity on the chain is very good."

Listening to that, I start to have some doubts: often, that's just excitement at the transaction level.
When it comes to redemption, what are the actual terms, how long does settlement take, who gets priority in extreme situations...
Honestly, liquidity that isn't clearly defined in the redemption process is pretty much an illusion.

In the group, people keep sharing screenshots about stablecoin regulation, reserve audits, and de-pegging rumors.
When emotions run high, it's easier to overlook the details.
I'm currently overwhelmed with information and feeling anxious, so I’ve set a simple filter for myself:
First, don’t pay attention to "big partner institutions" or "strong endorsements."
Just focus on two things—redemption pathways and the handling order in the worst-case scenario.
If I can't see these, I’ll just assume they don’t exist. That’s the plan for now.