USDC Treasury just processed a massive supply burn—$54.98 million worth of tokens vanished from circulation. This kind of large-scale destruction typically signals either redemption activity ramping up or deliberate supply management by the issuer. When stablecoin treasuries pull this much liquidity out, it often reflects institutional movements or strategic balance sheet adjustments. Worth watching how this impacts USDC's overall market cap positioning.
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USDC Treasury just processed a massive supply burn—$54.98 million worth of tokens vanished from circulation. This kind of large-scale destruction typically signals either redemption activity ramping up or deliberate supply management by the issuer. When stablecoin treasuries pull this much liquidity out, it often reflects institutional movements or strategic balance sheet adjustments. Worth watching how this impacts USDC's overall market cap positioning.