USDC Treasury destroyed 74 million tokens, worth over 73 million USD.

DAOplomacy

2025-12-01 18:00:12

[Coin World] USDC Treasury has just completed a large-scale burn operation. On-chain data shows that a total of 74 million USDC have been burned, equivalent to approximately 73.99 million USD based on current market capitalization. Such burns usually indicate an active contraction of stablecoin supply, which may be related to redemption demand or liquidity management strategies.

USDC-0.01%

View Original

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.

15 Likes

Reward
15
5
Repost
Share

Comment

0/400

OfflineNewbie

· 12-01 18:28

Again destroying, what is this for... Is the market about to change?

View OriginalReply0

DeFiChef

· 12-01 18:27

74 million tokens were directly burned, Circle is really ruthless this time.

View OriginalReply0

GateUser-2fce706c

· 12-01 18:23

I have said it long ago, the contraction period of stablecoins is the best opportunity for layout. Those who are still entangled in this news have not grasped the big trend.

View OriginalReply0

0xSleepDeprived

· 12-01 18:18

Look at the scale of this burn... Circle is really making big moves.

View OriginalReply0

TokenomicsDetective

· 12-01 18:14

74 million coins destroyed in one go, this reduction in volume is quite fierce.

View OriginalReply0