USDC market cap approaches $80 billion as the stablecoin market grows 0.93% in a week

Chainthink

Release Time: 03/14/2026 11:00:58

Summary

The crypto market saw the stablecoin total market cap rise to $315.9 billion on March 14, up 0.93% week-over-week, according to DefiLlama. USDC’s market cap neared $80 billion, accounting for approximately 25% of the market. Dubai analyst Rami Al-Hashimi attributed the surge to capital outflows from the UAE. The local real estate index fell 31% from its peak, and property prices dropped 27% in March. Off-exchange platforms are struggling to meet demand for USDC, with some sellers offering Bitcoin discounts of 5% to 10%.

ChainThink reports that, as of March 14, according to DefiLlama data, the total market capitalization of all stablecoins stands at $315.9 billion, representing a 0.93% increase over the past week. USDC’s market cap has approached its historical high of nearly $80 billion, accounting for approximately 25% of the total market share.

Dubai analyst Rami Al-Hashimi has linked this surge in demand to capital outflows from the UAE. Dubai property prices have dropped by approximately 27% this month, and the DFM Real Estate Index, which tracks Dubai-listed real estate and construction companies, has fallen from a recent high of around 16,800 points to approximately 11,516 points—a decline of about 31%. Demand for USDC on Dubai’s over-the-counter platforms has become difficult to meet, and some property sellers have begun accepting cryptocurrency payments, offering discounts of 5% to 10% to buyers paying in BTC.

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