Major USDC burn event: 50 million USDC tokens (approximately $50.01 million) removed from circulation through USDC Treasury. This significant supply reduction could impact stablecoin liquidity dynamics in the market. Worth monitoring how this affects USDC's market cap positioning and trading pair availability across major exchanges.
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.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
MultiSigFailMaster
· 7h ago
50 million burn, that's not much? Feels like there's not much buzz.
View OriginalReply0
NewDAOdreamer
· 7h ago
50 million USDC directly burned, this move is quite aggressive.
View OriginalReply0
DeFi_Dad_Jokes
· 7h ago
50 million burned? Now the stablecoin liquidity will have to be reshuffled.
View OriginalReply0
VibesOverCharts
· 7h ago
50m USDC burned? This can't push the price down haha
Major USDC burn event: 50 million USDC tokens (approximately $50.01 million) removed from circulation through USDC Treasury. This significant supply reduction could impact stablecoin liquidity dynamics in the market. Worth monitoring how this affects USDC's market cap positioning and trading pair availability across major exchanges.