USDC’s market capitalization approaches record high of 80 billion amid capital flight from UAE

The market capitalization of USDC is reaching a record high of approximately 80 billion USD, driven by increased interest from investors in the Middle East due to capital flight from the UAE.

With the Dubai real estate market facing a decline of nearly 27% in property prices this month, analysts have noted a significant surge in demand for USDC, reflecting a shift towards digital assets.

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