Stablecoins also provide crypto investors with a “safe haven” when cryptocurrency price volatility is high. So when cryptocurrencies ride a wild roller coaster, as they have in recent months, the demand for stablecoins increases. This tends to push them off their ankles, which destroys their aim. So when people cash in on risky cryptos into nice and safe stablecoins and USDC starts to look expensive, Jeremy Allaire sets the presses rolling.