Nearly 50 million USDC tokens have been burned from the USDC Treasury, with the total value reaching approximately 50 million USD. The destruction of roughly 49.98 million USDC represents a significant adjustment to the stablecoin's circulating supply. This kind of supply management through treasury burns is a key mechanism for maintaining stablecoin stability and managing the overall token ecosystem dynamics in the decentralized finance space.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
7
Repost
Share
Comment
0/400
AirdropDreamBreaker
· 14h ago
50 million USDC directly burned, this move is quite aggressive.
View OriginalReply0
WhaleMistaker
· 14h ago
Burning coins? Starting to do this again, feels like a setup before harvesting the leeks.
View OriginalReply0
DegenWhisperer
· 14h ago
50m USDC was directly burned, is this operation meant to stabilize the coin's price or just playing psychological warfare?
View OriginalReply0
ForumMiningMaster
· 15h ago
50 million USDC just burned like that? What trick is Circle playing?
View OriginalReply0
gas_fee_therapist
· 15h ago
50 million USDC directly burned, Circle's move is quite aggressive.
View OriginalReply0
StableCoinKaren
· 15h ago
Burning 50M USDC directly? That's a bit intense. The stablecoin game is getting more and more elaborate.
View OriginalReply0
BearMarketMonk
· 15h ago
Burned 50 million coins, the stablecoin gameplay is becoming more and more elaborate.
Nearly 50 million USDC tokens have been burned from the USDC Treasury, with the total value reaching approximately 50 million USD. The destruction of roughly 49.98 million USDC represents a significant adjustment to the stablecoin's circulating supply. This kind of supply management through treasury burns is a key mechanism for maintaining stablecoin stability and managing the overall token ecosystem dynamics in the decentralized finance space.