Due to the impact of the geopolitical situation, the demand for stablecoins in Dubai has surged, with over 2.3 billion USDC minted in the past week
By: www.chaincatcher.com|2026/03/12 01:44:15
0
Share
Prefer us on Google
Due to the impact of the geopolitical situation, the demand for stablecoins in Dubai has surged, and the OTC counter for USDC is crowded with inquiries.
Sources say that due to the inefficiency of bank wire transfers in the region, large amounts of capital have shifted to on-chain transactions. According to data from DefiLlama, the supply of USDC has increased by 3.03% in the past week, amounting to approximately $2.36 billion.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges
Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.
Kraken's parent company Payward has received preliminary approval from Dubai VARA to conduct cryptocurrency business
According to Businesswire, Kraken's parent company Payward announced that it has received preliminary approval for brokerage, investment, and management licenses granted by the Dubai Virtual Assets Regulatory Authority (VARA), and will expand its cryptocurrency business in the UAE. Payward expects t...
Chinese and American police jointly crack down on a Dubai-based fraud gang for the first time, suspected of luring victims with high-return cryptocurrency projects
According to the Ministry of Public Security of China, recently, the police from China, the United States, and the United Arab Emirates conducted international law enforcement cooperation for the first time, jointly combating telecom network fraud crimes in the Dubai area. They successfully dismantl...
The US FBI, in collaboration with multiple countries, has dismantled several "pig butchering" cryptocurrency scam networks, involving amounts totaling millions of dollars
According to Fox News, the Federal Bureau of Investigation (FBI) has collaborated with law enforcement agencies in Dubai, China, and Thailand to conduct a large-scale multinational joint law enforcement operation, successfully dismantling at least 9 overseas cryptocurrency scam centers, resulting in...
Gate's Q1 2026 report is online, compliance layout strengthens global competitiveness
Global leading digital asset trading platform Gate released its Q1 2026 report, showing continued steady growth in overall business. According to authoritative institutions such as CoinDesk and CryptoRank, Gate's spot trading volume remains among the top three globally, and its derivatives market sh...
70x in a Month: When $RAVE Put Istanbul’s Dancefloor on the Chain
A Web3 project with zero VCs and no whitepaper started with a midnight party for 200 people. Eighteen months later, its token $RAVE is up 70x, and its contract liquidations briefly eclipsed Ethereum’s. Is this just pure speculation, or are we looking at a new breed of cultural asset?
Soaring 50 times, with an FDV exceeding 10 billion USD, why RaveDAO?
What exactly is RaveDAO? Why is Rave able to rise so much?
Binance provides temporary transfers for employees in the UAE to address disruptions in operations in the region due to the Middle East conflict
According to CoinDesk, affected by the situation in the Middle East, Binance is offering its employees in the UAE the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, and Bangkok.A Binance spokesperson stated, "In light of the recent regional tensions, we are providing our employees...
Dubai releases regulatory framework for derivatives trading on cryptocurrency exchanges
According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority has released a formal regulatory framework for cryptocurrency exchange-traded derivatives, allowing retail customers to participate in trading after a suitability assessment.The new regulations cover requirements such as custo...
2025 Crypto Violence Retrospective: 65 Physical Assaults, 4 Fatal Incidents
Not only is the number of attack events rapidly increasing, but the attacks themselves are also becoming more violent
UAE Accelerates Digital Dirham Pilot with Its First Successful Transaction
Key Takeaways The UAE’s pilot program for its central bank digital currency (CBDC), the digital dirham, has achieved…
SAFEX has officially rebranded to YUBIT, ushering in a new era of globalization and innovation.
YUBIT致力于让数字资产交易变得更易获取、更智能、更具包容性
WLFI collaborates with RaveDAO to host its first offline event, bringing the world's first USD1 offline payment scenario to life.
BlockBeats News, September 5th, WLFI (World Liberty Financial) will partner with the world's largest Web3 Rave community, RaveDAO, to hold its first offline event on September 24th during Korea Blockchain Week 2025, marking the world's first USD1-driven offline payment scene. At that time, both tick...
Reuters: A huge explosion was heard in Dubai
According to a report by Reuters, witnesses stated that a huge explosion was heard in Dubai.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Drone attacks on oil tanks near Dubai airport, Emirates flights suspended
A fire broke out at a fuel tank facility near Dubai International Airport (DXB) on March 16 local time, initially identified as a drone attack. Flights at Dubai International Airport were temporarily suspended, and Emirates Airlines announced the suspension of operations, with some flights originall...
USDC's market value is approaching its historical high of 80 billion USD, with analysts attributing this to capital outflow from the UAE
According to Cointelegraph, the circulating market value of USDC has risen to about $79.2 billion, nearing its historical high. The market value of this stablecoin has continued to climb from about $70 billion in early February, breaking through $75 billion at the beginning of this month. Rami Al-Ha...
The Dubai TOKEN2049 summit is proposed to be postponed to April 2027 due to geopolitical influences
The organizers of the Dubai TOKEN2049 Summit plan to postpone the event to April 21-22, 2027. The conference was originally scheduled to take place from April 29 to April 30, 2026, but recent conflicts in the Middle East have spread to Dubai.
Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.
Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.
Political Prediction Market 67% Win Rate Star Account Wagers $27,100 on "US-Iran Ceasefire in March"
According to PolyBeats monitoring, in the prediction market Polymarket, over the past four hours, a celebrity account with a 67% win rate in a political market has continued to increase its position in the "US-Iran Ceasefire in March" outcome, with a total bet of $27.1k, an average entry price of 31...
Token2049 Dubai Organizer: Despite Escalating Middle East Conflict, Conference Will Proceed as Planned
BlockBeats News, March 10th, according to Fortune report, the organizers of Token2049 Dubai stated that despite ongoing escalations in the Middle East, one of the largest crypto conferences scheduled for this spring will still proceed as planned.A spokesperson for the event stated: "Token2049 Dubai ...
The Shadow Business Empire of Iran's New Supreme Leader: Oil, Real Estate, and Financial Intrigue
From political and military influence to shaping the financial network, Mujataba has secretly laid the groundwork to assume the ultimate leadership position.
Dubai gold is experiencing rare discounted trading, possibly due to logistics disruptions caused by the Middle East conflict
As the Middle East conflict leads to flight cancellations and logistics disruptions, a large amount of gold stranded in Dubai is being sold at a noticeable discount.Insiders reveal that due to exceptionally high transportation and insurance costs, and the inability to guarantee timely delivery, many...
36 years, 4 wars, 1 script: How does capital price the world in conflict?
When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.
MegaETH Co-founder: 48 Hours After Leaving Dubai, I Reassessed the Entire Crypto Space
In an era of technological upheaval, rather than pursuing the "legitimacy" co-opted by power, it is better to sharpen the blade and build parallel systems that truly expand individual sovereignty.
Near Dubai's renowned wealthy enclave "Palm Jumeirah," a loud explosion, thick smoke, and fire were reported.
BlockBeats News, February 28th, Witnesses reported a thick smoke and fire near the Palm Jumeirah in Dubai, accompanied by a loud explosion.Public information indicates that Palm Jumeirah in Dubai is one of the world's most famous ultra-luxury man-made island residences and resort communities, known ...
Elliptic Highlights Russian Crypto Platforms Evading Sanctions
Key Takeaways: A network of Russian crypto exchanges is reportedly aiding users in circumventing Western sanctions. Five major…
WEEX AI Trading Hackathon Dubai Opening Ceremony Ends, Live Viewers Exceed 150,000
BlockBeats News, January 31st, today from 00:00 to 04:00, the WEEX AI Trading Hackathon Dubai offline opening ceremony was successfully held, with a global online live viewing exceeding 150,000 times. At the event venue, WEEX COO Andrew interacted in real-time with the participating teams and audien...
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges
Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.
Kraken's parent company Payward has received preliminary approval from Dubai VARA to conduct cryptocurrency business
According to Businesswire, Kraken's parent company Payward announced that it has received preliminary approval for brokerage, investment, and management licenses granted by the Dubai Virtual Assets Regulatory Authority (VARA), and will expand its cryptocurrency business in the UAE. Payward expects t...
Chinese and American police jointly crack down on a Dubai-based fraud gang for the first time, suspected of luring victims with high-return cryptocurrency projects
According to the Ministry of Public Security of China, recently, the police from China, the United States, and the United Arab Emirates conducted international law enforcement cooperation for the first time, jointly combating telecom network fraud crimes in the Dubai area. They successfully dismantl...
The US FBI, in collaboration with multiple countries, has dismantled several "pig butchering" cryptocurrency scam networks, involving amounts totaling millions of dollars
According to Fox News, the Federal Bureau of Investigation (FBI) has collaborated with law enforcement agencies in Dubai, China, and Thailand to conduct a large-scale multinational joint law enforcement operation, successfully dismantling at least 9 overseas cryptocurrency scam centers, resulting in...
Gate's Q1 2026 report is online, compliance layout strengthens global competitiveness
Global leading digital asset trading platform Gate released its Q1 2026 report, showing continued steady growth in overall business. According to authoritative institutions such as CoinDesk and CryptoRank, Gate's spot trading volume remains among the top three globally, and its derivatives market sh...
70x in a Month: When $RAVE Put Istanbul’s Dancefloor on the Chain
A Web3 project with zero VCs and no whitepaper started with a midnight party for 200 people. Eighteen months later, its token $RAVE is up 70x, and its contract liquidations briefly eclipsed Ethereum’s. Is this just pure speculation, or are we looking at a new breed of cultural asset?
...
Contents
Latest articles
05/21/2026
Latest coin listings on WEEX
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
