According to the U.S. Treasury's Q1 2025 report, US dollar-pegged stablecoins—currently valued at around $230 billion—are projected to reach a $2 trillion market cap by 2028, driven by evolving market dynamics and their widespread use as on-chain cash.

Circle is laying the foundation for next-gen stablecoin infrastructure across the Middle East and USDC is ready to lead the charge.

With $62B+ in circulation, USDC is no small player.