These past couple of days, I've been looking at the reserve proofs of stablecoins, and the more I look, the more I want to sigh: when de-pegging happens, people simply don't have time to study the reports, their only thought is "run first, talk later."
In essence, runs are just emotional contagion; transparency helps, but it's more about "not feeling guilty during normal times" rather than "stopping the bleeding when something goes wrong."
Last night, I was frantically refreshing/retrying on the on-chain tools, waiting for the labels to update, like waiting in line to buy bubble tea...
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