The market capitalization of the stablecoin USDC is approaching $80 billion, the highest level since 2022. Analysts point out that the recent rapid increase in USDC supply is closely tied to capital flows in regions like the United Arab Emirates (UAE). Affected by regulatory policy changes and risk aversion in the region, a significant amount of funds are being transferred through USDC to compliant assets regulated in the United States. (Cointelegraph)