USDC Treasury, the issuer of the USD Coin, burned 50,000,000 USDC on the Ethereum blockchain. Whale Alert reported that the burn occurred on December 24. The burn is intended to adjust circulating supply and manage demand, a common practice in stablecoin operations.
Such routine burns are part of ongoing efforts to balance liquidity and demand for the coin. This action reflects ongoing supply-management practices within the USDC ecosystem and on major networks like Ethereum. Whale Alert’s report confirms the timing and scale of the burn, illustrating how issuers routinely manage supply on prominent blockchains to support stablecoin stability and liquidity.
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