Over 50 million dollars worth of USDC just got taken out of circulation. The USDC Treasury has burned approximately 50 million USDC tokens, equivalent to roughly 50,018,489 USD. This represents a notable deflation event for one of the largest stablecoins in the ecosystem. Such treasury burns typically signal adjustments in supply management or protocol-level changes. For traders and liquidity providers, tracking these on-chain events offers insight into stablecoin dynamics and potential market shifts.
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MEVHunterX
· 8h ago
50 million USDC burned directly? That number sounds a bit exaggerated. Let's see how it develops later.
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FreeMinter
· 8h ago
50 million USDC directly burned, this move is quite aggressive.
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NeverPresent
· 8h ago
Wow, USDC directly burns 50 million, is this playing deflation?
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SleepTrader
· 8h ago
50 million USDC directly burned. Is this move intended to pump the price or genuinely adjust the supply?
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GateUser-afe07a92
· 8h ago
50 million USDC burned directly? Is this move aiming for stablecoin deflation?
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GasFeeCrying
· 8h ago
50 million dollars burned directly. Is this move meant to pump the market or to harvest the leeks?
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FlashLoanKing
· 8h ago
50 million dollars burned directly. What is this move hinting at?
Over 50 million dollars worth of USDC just got taken out of circulation. The USDC Treasury has burned approximately 50 million USDC tokens, equivalent to roughly 50,018,489 USD. This represents a notable deflation event for one of the largest stablecoins in the ecosystem. Such treasury burns typically signal adjustments in supply management or protocol-level changes. For traders and liquidity providers, tracking these on-chain events offers insight into stablecoin dynamics and potential market shifts.