Recently, I saw someone discuss slight de-pegging of stablecoins again.

My first reaction wasn't "Should I buy the dip," but rather to ask: Do they actually disclose reserves?
Can the audit reports be linked to on-chain addresses at any time?
In plain terms, de-pegging is often just a run on the bank mentality in action.
The less transparent you are, the more everyone loves to run together.

By the way, I checked the funding rates again and they are starting to become extreme,
In the group, people are arguing "Is this a reversal or just continuing to inflate the bubble."
My own practice is: set aside emotions first, assume the worst-case scenario—
If everyone needs to redeem tomorrow, can this project withstand it?
If it can't, don't comfort yourself with "it will eventually re-peg."
Multi-signature is the same, it's not slow, it's to prevent people from impulsively amplifying the risk.
Let's start with that.