【BiTi】A major move just happened on the Ethereum chain — the USDC Treasury has burned nearly $78,900,000 worth of USDC in one go, specifically 78,904,497 tokens.
This level of destruction usually indicates an adjustment in the stablecoin supply. As the most compliant dollar-pegged stablecoin, every move made by USDC’s issuer is closely watched by the market.
On-chain data shows that this burn was completed on the Ethereum mainnet, and the scale is large enough to impact short-term liquidity expectations. Is it a sign of decreasing market demand, or proactive regulation by the issuer? This warrants further observation.
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GateUser-beba108d
· 17h ago
78.9 million dollars directly burned? Circle is shrinking...
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ParanoiaKing
· 17h ago
Are you starting to burn again? Every time you do this, I worry about the coins I hold.
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AirdropATM
· 17h ago
Stablecoins are starting to get creative again. Burning 78.9 million may seem like a lot or a little, but the key question is, why not explain it clearly?
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GasWastingMaximalist
· 18h ago
$78.9 million was directly burned? Is this move to pump the market or is there truly a lack of demand?
$78.9 million USDC destroyed on Ethereum, a major move in the stablecoin ecosystem
【BiTi】A major move just happened on the Ethereum chain — the USDC Treasury has burned nearly $78,900,000 worth of USDC in one go, specifically 78,904,497 tokens.
This level of destruction usually indicates an adjustment in the stablecoin supply. As the most compliant dollar-pegged stablecoin, every move made by USDC’s issuer is closely watched by the market.
On-chain data shows that this burn was completed on the Ethereum mainnet, and the scale is large enough to impact short-term liquidity expectations. Is it a sign of decreasing market demand, or proactive regulation by the issuer? This warrants further observation.