USDC’s treasury burned 78,317,178 USDC on the Ethereum blockchain, valued at about $78,304,255. The burn occurred on the Ethereum network, highlighting a significant on-chain action involving the stablecoin.
The report provides only the burn figure and its dollar equivalent, with no further context. No additional details about the rationale or implications accompany the burn in the source material. The data points are the amount and value, leaving readers without background on purpose or consequences.
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