coin-img-ETHETH-2.72%coin-img-BTCBTC-1.66%coin-img-IONION-19.70%coin-img-SOLSOL-3.04%coin-img-CRKCRK-95.51%coin-img-WPWP+93.22%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-1.09%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.66%coin-img-IONION-19.70%coin-img-SOLSOL-3.04%coin-img-CRKCRK-95.51%coin-img-WPWP+93.22%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-1.09%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.66%coin-img-IONION-19.70%coin-img-SOLSOL-3.04%coin-img-CRKCRK-95.51%coin-img-WPWP+93.22%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-1.09%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.66%coin-img-IONION-19.70%coin-img-SOLSOL-3.04%coin-img-CRKCRK-95.51%coin-img-WPWP+93.22%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-1.09%

Global Stablecoin Market Cap Reaches $315.9B as USDC Nears $80B with 25% Share

Global stablecoin market capitalization reached $315.9 billion on March 14, up 0.93% over the past week, DefiLlama data show. USDC's market cap is approaching its historical peak of $80 billion, giving the stablecoin roughly 25% of the sector. Dubai analyst Rami AlHashimi linked the jump in USDC demand to capital outflows from the UAE, noting Dubai property prices fell about 27% this month and the DFM Real Estate Index dropped from around 16,800 points to approximately 11,516 points, a decline of about 31%. Demand for USDC at Dubai over-the-counter venues has become hard to meet, with some real estate sellers reportedly accepting cryptocurrency payments and offering 5%–10% discounts to buyers who pay in BTC.
USDC
USDC+0.01%
BTC
BTC-1.65%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.