While stablecoins are designed to maintain a steady value, recent market shifts and events like the collapses of Terra UST and FTX have raised questions about their safety and long-term reliability. Compared to other crypto assets, stablecoins are generally less volatile due to their pegged value, but their stability heavily depends on the transparency of their reserves and the regulatory landscape. While they offer a safer alternative to more volatile cryptocurrencies, they are not entirely risk-free, particularly in terms of issuer credibility and regulatory scrutiny.