USDC Treasury just torched 55 million tokens from circulation. The burn removed $54.98M worth of stablecoins from the supply side. These treasury operations usually signal supply adjustments tied to redemption requests or reserve management moves. Worth tracking how this impacts overall USDC market cap in the coming days.
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LiquidatedThrice
· 3h ago
5.55 million dollars burned directly? Circle's move is pretty bold, are they adjusting the supply again?
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SchroedingersFrontrun
· 23h ago
55 million burned? This move is quite interesting, I feel like the market will react to it later.
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ColdWalletGuardian
· 23h ago
55m was burned. Is there another large redemption causing a market dump?
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LayerZeroHero
· 23h ago
55 million destroyed directly? Is this a bleed-out or an adjustment? Feels like they can't hold it in anymore.
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SolidityStruggler
· 23h ago
More news again? A 55M burn—does this wave really indicate a lack of liquidity, or is it simply inventory management?
USDC Treasury just torched 55 million tokens from circulation. The burn removed $54.98M worth of stablecoins from the supply side. These treasury operations usually signal supply adjustments tied to redemption requests or reserve management moves. Worth tracking how this impacts overall USDC market cap in the coming days.