Recently, people have been discussing whether stablecoins will lose their peg again. Honestly, most of the time it's not due to a major bug on the chain, but because everyone gets nervous first: unclear reserve disclosures, audits coming irregularly, and panic withdrawals spreading like an infection. Those who run first survive, while those who wait get stuck at the door.

I personally don’t pretend to be something I’m not; I don’t treat a single stablecoin as "cash." I diversify my holdings a bit, leaving some room for withdrawal both on-chain and off-chain. When I hear warning signals, I shrink my positions first, even if it means earning less. By the way, I’ve noticed that the incentive programs and points systems on testnets are heating up again. Everyone’s speculating whether the mainnet will issue tokens… At such times, it’s easier to get carried away, taking "points = future stable income" seriously. I just see it as a probability game—don’t mistake short-term emotions for long-term trust.