A significant amount of USDC has been burned from the USDC Treasury in a single transaction. Over 50 million USDC tokens, equivalent to approximately 50 million USD, were removed from circulation. This burn event represents a notable shift in stablecoin supply dynamics and could impact liquidity conditions across DeFi platforms and trading venues.
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DegenWhisperer
· 3h ago
Another large-scale burn? What are they playing at?
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ForkThisDAO
· 01-09 20:57
5 billion USD just lost like that? Circle's move is a bit ruthless.
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LiquiditySurfer
· 01-09 20:55
Fifty million dollars worth of firepower, this move is really ruthless.
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FomoAnxiety
· 01-09 20:50
5 billion USDC burned in one go? Liquidity must be exploding.
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POAPlectionist
· 01-09 20:38
Fifty million dollars gone in an instant. What is this operation trying to achieve?
A significant amount of USDC has been burned from the USDC Treasury in a single transaction. Over 50 million USDC tokens, equivalent to approximately 50 million USD, were removed from circulation. This burn event represents a notable shift in stablecoin supply dynamics and could impact liquidity conditions across DeFi platforms and trading venues.