Songdog
If it is dry - it would not necessarily need to be stabilized. I have made several knives with un-stabilized woods. Maple for sure. Never used cherry.
There are several variables to look into when deciding if stabilization is necessary.
End use is one. Are you making a folder, a full tang, a bowie? Lots of pins, no pins, can make a difference. For me, the smaller the piece and the more pins, equals less movement. Others may vary on that issue. . .
Are you using a spacer? I use G10 a great deal and it helps to keep wood from moving around.
Are you using a quality epoxy. This helps to keep wood from moving around.
How are you going to finish the wood?? This can make a difference on whether to have it stabilized. Aqua-fortis on the maple works better without stabilization, IMHO.
Humidity is a killer. Nothing twists and turns wood more than drastic humidity changes. Moisture is another killer. For both the blade and wood handles. Lots of knives get ruined in the dishwasher, bottom of the backpack, or other damp environment, stabilized or not. My point, if you can keep out the humidity/moisture, you can better control the wood from moving. Stabilization will help with this, but not eliminate this problem.
Hope this helps.
DeMo