The USDC Treasury has just completed a large-scale burn operation, removing over 61 million USDC at once, totaling approximately $61.01 million. This funds have been completely taken out of circulation. Such burn operations typically reflect the issuer's adjustment of market supply. For traders holding USDC and monitoring stablecoin developments, this is a market signal worth paying attention to. Large fund flows are always worth tracking.
View Original
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.
14 Likes
Reward
14
8
Repost
Share
Comment
0/400
ConsensusBot
· 19h ago
60 million directly burned? Is this move really happening or is it just another regulatory expectation?
View OriginalReply0
NotGonnaMakeIt
· 01-10 08:31
60 million USDC directly burned? That shows how much they lack confidence.
View OriginalReply0
ApeShotFirst
· 01-10 07:21
Wow, 61 million tokens burned directly? That's quite a move... Circle is really going all out.
View OriginalReply0
MagicBean
· 01-07 22:05
The 61 million was burned directly; I really can't understand this move.
View OriginalReply0
TestnetNomad
· 01-07 22:04
$61 million USDC burned in one go. Is this market manipulation or is it really necessary?
View OriginalReply0
MoneyBurner
· 01-07 22:00
61 million tokens in one go? Circle's move is an attempt to stabilize the market. The liquidity premium space is now even tighter.
View OriginalReply0
FarmToRiches
· 01-07 21:59
61 million directly burned? What kind of signal does this operation release?
View OriginalReply0
LiquidationAlert
· 01-07 21:46
The 61 million tokens are directly burned. This move shows that Circle is seriously controlling the market.
The USDC Treasury has just completed a large-scale burn operation, removing over 61 million USDC at once, totaling approximately $61.01 million. This funds have been completely taken out of circulation. Such burn operations typically reflect the issuer's adjustment of market supply. For traders holding USDC and monitoring stablecoin developments, this is a market signal worth paying attention to. Large fund flows are always worth tracking.