... amid a loosening of monetary policy, it could lead to increased liquidity in markets and a rise in stablecoin issuance for new investments in crypto assets. Conversely, tightening policies potentially reduce the growth of the stablecoin supply, although ... ... collapse of several American banks, Circle announced the freezing of part of its reserves (at Silicon Valley Bank), leading to a short-term outflow from USDC. Consequently, the market capitalization of USD Coin dropped from ~$56 billion to ~$24.5 billion ...