Looks like that pump was short lived. The price is headed back down to around .00000250. Looks pretty stable at that price because there isn't much interest in selling it for BTC.
Stablecoin really needs the proof of stake concept added to provide incentive to hold coins. Also, mitigation against scrypt asic attacks and the mixing service as promised by the elusive original devs.
Stablecoin's mostly low network hashrate provides miners the opportunity to amass 10's to 100's of thousands of coins and they appear to be ready to dump those coins on any price spike. This activity will continue unless the Stablecoin network hashrate stays in the hundreds of Mhash/s or higher with the hashrate distributed amongst many miners. Doesn't seem likely.