A growing number of people use stablecoins to store value and lower volatility.

Source: https://www.faceofmalawi.com/2023/03/07/stable-coins-a-safe-haven-in-the-volatile-crypto-world/

For now, the New York authorities have not revealed which stablecoins are they planning on integrating with their bail bond systems.

Source: https://www.gadgets360.com/cryptocurrency/news/new-york-stablecoins-bail-bonds-cryptocurrency-expansion-us-4029102

However, the stablecoins market cap ($129 billion) witnessed a drop (-30% from April 2022 high levels).

Source: https://www.benzinga.com/markets/cryptocurrency/23/12/36263593/bitcoins-150-rally-in-2023-shows-up-gains-reported-by-nasdaq-s-p-500-and-gold

In the crypto industry, companies like already offer stablecoins built to retain a single price point.

Source: https://investorplace.com/2023/03/ron-desantis-cbdc-ban-and-what-it-would-mean-for-crypto/

Meanwhile, Ripple its Central Bank Digital Currency platform, enabling central banks and governments to create stablecoins for trading, holding, and transactions.

Source: https://investorplace.com/2023/05/hero-or-zero-3-speculative-cryptos-to-make-you-rich-or-broke/

Moody’s wants to build a scoring system for stablecoins as the market grows amid increased regulatory attention.

Source: https://biztoc.com/x/fad401a3ec0f28f1?ref=ff

Now let’s look into the top three cryptos, excluding stablecoins.

Source: https://investorplace.com/2023/05/crypto-vs-stocks-which-is-the-better-investment-in-2023-we-compare-3-of-each/

One small Pennsylvania-based bank has some operations tied to stablecoins and the tech/VC space.

Source: https://seekingalpha.com/article/4586867-customers-bancorp-northeast-regional-bank-at-risk?source=feed_all_articles

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.

Source: https://247wallst.com/investing/2023/08/09/5-stocks-to-watch-as-cryptocurrencies-surge-on-banking-turmoil/

Some of these are known as 'stablecoins', like Tether and USD Coin, which has its value pegged to another asset.

Source: https://www.dailymail.co.uk/sciencetech/article-11683239/Cryptocurrency-dummies-need-know-digital-assets.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

“The SEC has not said that BTC, ETH, or stablecoins generally are unregistered securities, and those assets account for at least 75 percent of crypto’s total market cap,” said Alex Thorn, Head of Firmwide Research at Galaxy Digital.

Source: https://business.inquirer.net/405177/security-alert-altcoins-worth-100b-dropped-in-hot-water

This dynamic may be, in part, why Gary Gensler, the chair of the Securities and Exchange Commission, told that every altcoin, including those related to stablecoins, is actually a security.

Source: https://www.forbes.com/sites/digital-assets/2023/03/02/unstable-dai-dynamics-could-kill-ethereums-favorite-crypto-backed-stablecoin/

Ultimately, stablecoins have the potential to revolutionize financial intermediation by streamlining payment systems, facilitating cross-border transactions, promoting financial inclusion, and supporting decentralized finance applications.

Source: https://malawi24.com/2023/09/05/unlocking-the-potential-of-stablecoins-how-they-are-revolutionizing-the-trading-industry/

While stablecoins and DeFi platforms prepare for impending regulatory challenges, these meme coins attract heightened investor attention with engaging themes, dedicated communities, and demonstrated growth potential.

Source: https://cyprus-mail.com/2023/06/27/as-us-crypto-crackdown-is-likely-to-target-stablecoins-and-defi-interest-in-digitoads-toads-and-floki-inu-floki-surges/

Yet, stablecoins like Tether may experience increased demand during market downturns, driving their price.

Source: https://investorplace.com/2023/04/3-blockchain-cryptocurrencies-with-huge-upside-potential/