Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
New
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
New
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Trending Topics
View More25.39K Popularity
38.35K Popularity
358.02K Popularity
35.29K Popularity
53.03K Popularity
Pin
Bao the Whale reports USDC Treasury burns 50 million tokens on Ethereum
According to a report by Bao the Whale—one of the leading blockchain monitoring platforms in the cryptocurrency space—the USDC Treasury has just conducted a large-scale burn transaction. This event was recently announced on the Ethereum blockchain, with a total value of 50 million USDC removed from circulation.
Event Details
This burn transaction was detected within just a few minutes of occurrence. According to ChainCatcher—a reputable cryptocurrency news tracking unit—this event reflects one of the USDC Treasury’s regular activities to adjust the token supply in the market.
Market Significance
Such actions by the USDC Treasury are considered normal in cryptocurrency market management activities. Burning stablecoin tokens helps balance supply and demand and maintain the price stability of USDC across different blockchains, including Ethereum, which is the most widely used network.