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Details: https://www.gate.com/announcements/article/47889
Over 51 million USDC tokens have been removed from circulation through the USDC Treasury burn mechanism. The destroyed amount is worth approximately $51.2 million USD. This latest token burning event reflects the ongoing supply management strategy for the stablecoin ecosystem, which continues to play a critical role in DeFi protocols and trading platforms. Such controlled supply adjustments help maintain the stability and integrity of the stablecoin infrastructure.