Coin Metrics report: global dollar shortage or good stablecoin

According to AMBCrypto report, Coin Metrics' latest report pointed out that the global dollar shortage should benefit stablecoins. As the world's second largest stable currency, the supply of USD Coin (USDC) has increased by more than 50% in just a few days. This also began on March 10, when the dollar shortage became severe and gradually strengthened. However, after the Fed established dollar swaps with major foreign central banks to ensure that foreign entities and institutions were able to obtain the required dollars, the dollar quickly fell. Interestingly, during this period, the issuance of USDC showed signs of "slowing down".