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Amid geopolitical tensions, demand for stablecoins in Dubai surges, with USDC issuance exceeding 2.3 billion tokens in the past week.

Amid geopolitical tensions, demand for stablecoins in Dubai surges, with USDC issuance exceeding 2.3 billion tokens in the past week.

2026-03-12 09:23

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ChainThink news, March 12: According to local sources in the UAE, @rami_hashimi, due to geopolitical tensions, demand for Dubai-pegged stablecoins has surged dramatically, with "OTC desks now crowded with inquiries about USDC."


The source noted that due to inefficient bank wire transfers in the region, large capital flows have shifted to on-chain transactions.


According to data from DefiLlama, USDC supply has increased by 3.03% over the past week, equivalent to approximately $2.36 billion.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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