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The USDC Treasury destroyed 50 million tokens, what does this large operation on the Ethereum blockchain mean?
[Chain News] There is another big move on Ethereum - USDC Treasury burned 50 million USDC on December 23. This transaction was first detected by Whale Alert, and it seems that every large on-chain operation cannot escape the eyes of whale tracking tools.
The destruction of 50 million USDC is no small scale; such large-scale operations usually reflect adjustments in the liquidity of stablecoins. Treasury's actions may be aimed at optimizing the supply of USDC or responding to changes in market liquidity. Regardless of the reason, this is a noteworthy on-chain signal—after all, every significant fluctuation in stablecoins can impact the operations of the entire DeFi ecosystem.