USDC has burned 57.1 million tokens, valued at approximately $57.1 million, according to a Whale Alert tweet. This significant token destruction occurs as the crypto community remains vigilant about potential scams and closely monitors large token movements. The burn reflects ongoing efforts to manage the stablecoin's supply and maintain its peg amid heightened market scrutiny.
USDC Burns $57 Million in Stablecoins Amid Market Scrutiny
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