Are stablecoins safer than banks?

Are stablecoins truly safer than traditional banks when it comes to storing and managing our finances? While stablecoins are designed to maintain a stable value by being pegged to a real-world asset like the US dollar, do they offer the same level of security and protection as established financial institutions? How do regulators view stablecoins, and are there potential risks or drawbacks that investors should be aware of? Can we rely on stablecoins to be a secure and reliable alternative to traditional banking systems?