A large-scale destruction event occurred in the USDC Treasury: over 57.32 million USDC have been permanently destroyed, amounting to nearly 57.31 million USD at current prices. Such actions typically reflect the project party's supply management strategy and may impact the liquidity and market supply pattern of USDC. Traders who follow on-chain developments need to pay close attention to similar large operations, as they often signal important changes in the stablecoin ecosystem.
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.
9 Likes
Reward
9
2
Repost
Share
Comment
0/400
SerNgmi
· 19h ago
What the hell, 57.32 million USDC burned directly? What is going on, is the stablecoin starting to deflate?
View OriginalReply0
FarmToRiches
· 19h ago
More than 57 million USDC directly destroyed? This operation is a bit harsh
---
Supply management is back, and every time we have to keep an eye on on-chain data
---
With so many variables in the stablecoin ecosystem, no wonder Large Investors are watching
---
Destroying so much, is it clearing inventory?
---
The liquidity of USDC is about to change, need to take another look
---
Operations of this scale really can't be ignored
---
Another large-scale destruction, feels like there's a story behind it
---
Wait, is this regular or unexpected?
---
Stablecoins are also starting to play with supply adjustments
---
57.32 million? A bit outrageous, need to ponder the logic behind it
A large-scale destruction event occurred in the USDC Treasury: over 57.32 million USDC have been permanently destroyed, amounting to nearly 57.31 million USD at current prices. Such actions typically reflect the project party's supply management strategy and may impact the liquidity and market supply pattern of USDC. Traders who follow on-chain developments need to pay close attention to similar large operations, as they often signal important changes in the stablecoin ecosystem.