The USDC's market capitalization is approaching $80 billion, with analysts suggesting that some of the increase stems from capital outflows from the UAE.

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The market capitalization of stablecoin USDC is approaching $80 billion, its highest level since 2022. Analysts point out that the recent rapid growth in USDC supply is closely related to capital flows from regions such as the United Arab Emirates (UAE). Driven by regulatory changes and risk aversion in the region, a large amount of funds is being transferred through USDC to compliant assets regulated in the United States. (Cointelegraph)

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