[Possibly Due to Capital Outflow from the UAE, USDC Market Cap Approaches $80 Billion Historical High] According to Cointelegraph, driven by surging demand in the Middle East, the market capitalization of the USDC stablecoin is nearing its historical high of $80 billion. This growth follows an increase of several billion dollars in supply over the past few weeks. The stablecoin's market cap was slightly above $70 billion in early February and reached $75 billion at the beginning of this month. Analyst Rami Al-Hashimi, who claims to be based in Dubai, stated that this surge is related to capital outflow from the UAE.