USDC Treasury burns hit a new high. The latest on-chain data shows that 50,599,998 USDC (equivalent to USD 50,613,230) have been burned. What signals does this massive burn operation send?
The stablecoin ecosystem is undergoing adjustments. Large-scale USDC burns are usually related to the following factors: reallocation of market liquidity, issuer’s supply adjustments, or capital flows within the ecosystem. Historically, such burn events often indicate structural changes in the stablecoin market.
For traders, this is worth noting—it may impact USDC’s liquidity depth and on-chain transaction c
View Original