The market cap of stablecoin USDC is approaching $80 billion, reaching its highest level since 2022. Analysts point out that the recent rapid growth in USDC supply is closely linked to capital flows from regions like the UAE. Influenced by regulatory policy changes and risk-averse sentiment in the region, a large amount of funds is being transferred via USDC to compliant assets regulated by the U.S. (Cointelegraph)