![\"USDC](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDMvMDE5Y2ViZTQtNjNlZi03MTZkLWE4OTMtYzAyODgyNWFjMDc4LmpwZw==.jpg\")
<\/p>\n<\/p>\n
USDC\u2019s market cap is app<\/a>roaching a record $80 billion, with one analyst linking the surge to capital flight and turmoil in Dubai\u2019s real estate market.<\/p>\n The market capitalization of the USDC stablecoin is approaching a record high near $80 billion as demand surges in the Middle East, with one analyst linking the spike to capital flight from the United Arab Emirates.<\/p>\n According<\/a> to data from CoinMarketCap, USDC (USDC<\/a>)\u2019s circulating supply has risen to roughly $79.2 billion, marking a new all-time high for the dollar-pegged stablecoin. The stablecoin\u2019s market cap previously hit a high of below $79 billion in December last year. <\/p>\n The increase comes after supply expanded by billions of dollars in recent weeks. The stablecoin\u2019s market cap stood at just over $70 billion in early February and at $75 billion earlier this month. <\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n