Geopolitical tensions have significantly increased the demand for stablecoins in Dubai, particularly USDC, as reported by local sources. The surge is attributed to inefficiencies in regional bank wire transfers, prompting a shift to on-chain transactions. Over-the-counter counters in Dubai are reportedly overwhelmed with inquiries about USDC. According to DefiLlama data, the supply of USDC has risen by 3.03% in the past week, amounting to an increase of approximately $2.36 billion. This trend highlights the growing reliance on stablecoins for financial transactions amid geopolitical uncertainties.