Over 85 million USDC eliminated through Treasury burn mechanism
The USDC Treasury has just executed a major token reduction event, with approximately 85 million USDC (valued at around 84.97 million USD) removed from circulation. This deflationary move reflects protocol management adjustments and could influence stablecoin supply dynamics. Such large-scale burns typically signal strategic rebalancing efforts within the ecosystem.
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.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
LidoStakeAddict
· 23h ago
Burned directly over 85 million, this move is really ruthless.
View OriginalReply0
DeFi_Dad_Jokes
· 23h ago
85 million USDC burned directly, how clueless can you be... Wait, no, hold on, why isn't it dropping anymore?
View OriginalReply0
NervousFingers
· 23h ago
Is it another coin burn? This trick feels like it's almost overhyped...
View OriginalReply0
DeFiCaffeinator
· 23h ago
Whoa, 85 million USDC burned directly? That's pretty intense. Is this real?
View OriginalReply0
GasFeeTherapist
· 23h ago
Whoa, 85 million USDC burned directly? Is this move to support the market or what?
Over 85 million USDC eliminated through Treasury burn mechanism
The USDC Treasury has just executed a major token reduction event, with approximately 85 million USDC (valued at around 84.97 million USD) removed from circulation. This deflationary move reflects protocol management adjustments and could influence stablecoin supply dynamics. Such large-scale burns typically signal strategic rebalancing efforts within the ecosystem.