[USDC Issuance Surges Over 2.3 Billion Due to Geopolitical Situation] March 12 – According to local UAE source @rami_hashimi, the demand for stablecoins in Dubai has sharply increased due to geopolitical circumstances. 'OTC counters are crowded with people inquiring about USDC,' the source stated. It was also mentioned that, due to the inefficiency of bank wire transfers in the region, large funds have shifted to on-chain transactions. Data from DefiLlama shows that USDC supply has surged by 3.03% in the past week, equivalent to approximately $2.36 billion.