The USDC Treasury burned 102,618,197 USDC (approximately $102.5 million) in a single on-chain transaction. The token burn reduces the circulating supply of the stablecoin issued by Circle.
This marks one of the largest USDC burns recorded recently, reflecting active management of the stablecoin's supply by its issuer.
USDC Treasury Burns Over $102 Million in USDC Tokens
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