A recent ECB working paper has raised doubts about stablecoins’ role as a safe haven in the crypto market. The paper questions the stability and reliability of stablecoins in times of market turmoil. While stablecoins have been promoted as a safe alternative to traditional cryptocurrencies like Bitcoin, the ECB paper suggests that their status as a safe haven may not be as solid as previously thought. Investors should approach stablecoins with caution and consider other options for safe-haven investments in the crypto market.