[Surge in Stablecoin Demand in Dubai Due to Geopolitical Situation, Over 2.3 Billion USDC Issued in the Past Week] BlockBeats News, March 12: According to local sources in the UAE (@rami_hashimi), the demand for stablecoins in Dubai has surged due to the geopolitical situation, with 'OTC counters crowded with people inquiring about USDC.' Sources indicate that, due to the inefficiency of bank wire transfers in the region, large sums of money have shifted to on-chain transactions. According to DefiLlama data, USDC supply has surged by 3.03% in the past week, equivalent to approximately $2.36 billion.