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.
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GasGuzzler
· 20h ago
Another round of destruction? Are they tired of this trap from circle? It feels like they're just playing a numbers game.
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ZkSnarker
· 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
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StableBoi
· 11-28 21:59
83 million dollars went up in flames, Circle's operation this time is truly astonishing.
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OnlyUpOnly
· 11-28 21:58
More than 80 million USDC has been directly burned, what is Circle playing at?
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MetaverseVagrant
· 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.
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RektRecorder
· 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.
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SelfCustodyIssues
· 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"?
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.