Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

USDC Treasury just burned over 83 million tokens in a single transaction. The burn removed 83,047,783 USDC (valued at approximately $83.02M) from circulation. This massive supply reduction reflects ongoing balance sheet management by Circle as they adjust token supply based on redemption demands.

USDC0.01%
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.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
GasGuzzlervip
· 20h ago
Another round of destruction? Are they tired of this trap from circle? It feels like they're just playing a numbers game.
View OriginalReply0
ZkSnarkervip
· 11-29 10:05
83 million gone in one tx? well technically that's just circle doing their housekeeping... imagine if every stablecoin actually had to justify burns like this lmao
Reply0
StableBoivip
· 11-28 21:59
83 million dollars went up in flames, Circle's operation this time is truly astonishing.
View OriginalReply0
OnlyUpOnlyvip
· 11-28 21:58
More than 80 million USDC has been directly burned, what is Circle playing at?
View OriginalReply0
MetaverseVagrantvip
· 11-28 21:52
Burning coins again? What is Circle playing at this time... 83 million just disappeared like that, it feels like the game tactics of stablecoins are getting deeper.
View OriginalReply0
RektRecordervip
· 11-28 21:41
Are they burning again? Circle's operation this time is really clever, with 83 million dollars disappearing directly from circulation. Is this what they call balance sheet management? To put it bluntly, isn't it just adjusting the supply based on redemption demand? It feels a bit like playing a numerical game.
View OriginalReply0
SelfCustodyIssuesvip
· 11-28 21:35
Hmm... another large-scale burn. Circle's move is indeed adjusting the supply, but I always feel that this kind of regular coin burn is a bit too "deliberate"?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)