Major update on the USDC front: the Treasury has just burned over 51 million USDC tokens, representing approximately 51.2 million USD in value destruction. This significant move reflects ongoing adjustments to stablecoin supply dynamics and liquidity management strategies in the broader crypto ecosystem. Tracking such large-scale burning events on Ethereum and other networks remains crucial for understanding tokenomics and market stability indicators.
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.
8 Likes
Reward
8
6
Repost
Share
Comment
0/400
TheShibaWhisperer
· 8h ago
51 million burned? That's a pretty harsh move, but playing this kind of game with stablecoins is quite common. I just don't know if it will lead to a rally later.
View OriginalReply0
shadowy_supercoder
· 8h ago
51 million directly burned, that's a pretty aggressive move.
View OriginalReply0
MiningDisasterSurvivor
· 8h ago
510 million USDC burned? I've seen it all before; it's just the project team's excuse for adjustments. Look at how those stablecoin projects died in 2018.
View OriginalReply0
AltcoinHunter
· 8h ago
51M USDC burned in one go. What does this imply? Inflation pressure? Or is it preparing for a certain market move... I need to take a close look at the on-chain data.
View OriginalReply0
DegenWhisperer
· 8h ago
5.1 billion is gone directly. Is this move aimed at stabilizing the coin or crashing the coin?
View OriginalReply0
AirdropNinja
· 8h ago
510,000 dollars burned directly, this move... is it to stabilize the market or is there really a problem?
Major update on the USDC front: the Treasury has just burned over 51 million USDC tokens, representing approximately 51.2 million USD in value destruction. This significant move reflects ongoing adjustments to stablecoin supply dynamics and liquidity management strategies in the broader crypto ecosystem. Tracking such large-scale burning events on Ethereum and other networks remains crucial for understanding tokenomics and market stability indicators.