[Analysis: Stablecoin Growth Slows, Marginal Weakening of Liquidity Support in Crypto Market] Matrixport analyzed in today's chart that while stablecoin supply continues to expand, the rolling 12-month growth rate peaked and began to decline in late October. The inflow of stablecoins and the addition of new liquidity to the crypto market have cooled simultaneously. Combined with the current pullback, the institution believes that the Federal Reserve's shift toward a more cautious stance is one of the key triggers for weakening liquidity. This also implies that even though the absolute scale of new additions remains considerable, the overall liquidity environment may be weaker than previously expected.