The growth in the market capitalization and market share of stablecoins can have a stabilizing effect on the overall cryptocurrency market. Stablecoins provide a relatively stable store of value and a means of facilitating transactions, reducing the impact of extreme price fluctuations. However, if there are issues such as regulatory uncertainties or trust crises related to stablecoins, it could lead to increased market volatility and affect the overall sentiment and stability of the cryptocurrency market.