USDC Treasury just torched over 75.8 million tokens in a single burn transaction. That's roughly $75.83M worth of stablecoins pulled out of circulation. These treasury burns typically signal supply adjustments as Circle manages USDC's backing reserves. Worth watching how this impacts circulating supply dynamics in the coming days.
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AirDropMissed
· 11h ago
Circle is playing with fire again... Is it for real this time or are they about to dump the market again?
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NFTRegretDiary
· 11h ago
It's Circle playing supply tricks again; let's see what story they come up with this time.
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CafeMinor
· 11h ago
Burning tokens again, what is Circle up to this time?
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PrivateKeyParanoia
· 12h ago
Playing supply tricks again? 7.58 million just disappeared like that. Is Circle really "managing" things with this move, or are they quietly adjusting expectations?
USDC Treasury just torched over 75.8 million tokens in a single burn transaction. That's roughly $75.83M worth of stablecoins pulled out of circulation. These treasury burns typically signal supply adjustments as Circle manages USDC's backing reserves. Worth watching how this impacts circulating supply dynamics in the coming days.