Hedera Hashgraph (HBAR) experienced a drop in price this Tuesday as the cryptocurrency market generally cooled down. HBAR’s current price is at $0.19, down about 15% from its peak this week and 50% below its November high last year. However, recent fundamental developments suggest that HBAR prices could rebound soon. A notable factor driving this potential rise is the surge in stablecoins on the Hedera network. Stablecoin holdings have jumped significantly to $181.4 million from just $20 million during the same period last year, marking a substantial increase. This growth has seen Hedera surpass popular layer-one chains like Stellar (XLM), Algorand (ALGO), Cronos (CRO), and Polkadot (DOT) in stablecoin ecosystem size. 50% of HBAR price movement is driven by the fact that stablecoins on this network have surged, indicating increased user activity.