A major burn event just hit the USDC ecosystem: over 55 million tokens (worth approximately $55 million USD) have been destroyed at the USDC Treasury. This significant reduction in circulating supply marks an important development in stablecoin dynamics. Such large-scale burns can influence liquidity conditions and market mechanisms across DeFi platforms and major exchanges.
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Anon4461
· 17h ago
55 million USDC just disappeared, not sure if it's good news or bad news
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LayerZeroHero
· 17h ago
55 million burned? That must be so awesome haha, but it seems like no one cares
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ZeroRushCaptain
· 17h ago
55 million directly burned. Now this is serious—are stablecoins also starting to implement deflation? I think this is paving the way for later bottom-fishers.
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GateUser-75ee51e7
· 17h ago
55 million USDC directly burned, this move is quite something.
A major burn event just hit the USDC ecosystem: over 55 million tokens (worth approximately $55 million USD) have been destroyed at the USDC Treasury. This significant reduction in circulating supply marks an important development in stablecoin dynamics. Such large-scale burns can influence liquidity conditions and market mechanisms across DeFi platforms and major exchanges.