The large influx of stablecoins onto the blockchain primarily benefits public chains, as stablecoins need to flow and trade, generating transaction fees.
If traded in DeFi, it will also benefit the application layer of DeFi.
Of course, an increase in public chain transaction fee income and DeFi revenue does not necessarily mean that coin prices will rise.
However, with more money on-chain, as long as regulators do not set liquidity barriers, various new opportunities will inevitably emerge.