The stablecoin USDC's market capitalization is approaching $80 billion, reaching its highest level since 2022. Analysts point out that the rapid growth in USDC supply recently is closely related to capital flows from regions such as the United Arab Emirates (UAE). Influenced by regulatory policy changes in the region and risk-aversion sentiment, large amounts of capital are being transferred through USDC to compliance assets regulated by the United States. (Cointelegraph)

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