Stablecoins, cryptocurrencies designed to maintain a stable value, are experiencing rapid growth, hitting new market highs exceeding $300 billion and capturing around 8% of the overall cryptocurrency market. This surge in popularity has generated excitement alongside concerns about potential financial risks. 80% of trading on major platforms now utilizes stablecoins for faster transactions and money movement, but regulators worry that the quick rise of these digital assets could destabilize financial systems. The European Central Bank (ECB) highlighted the potential impact of rapid growth, stating that stablecoins could draw retail deposits away from banks in the Eurozone, potentially leading to a cascade effect that could impact global markets.