Nearly 98.5 million USDC destroyed in recent Treasury burn event, marking a substantial reduction in stablecoin circulation. The transaction worth approximately 98.5 million USD removes significant liquidity from the ecosystem. Large-scale USDC destructions like this typically signal adjustments in stablecoin supply dynamics and can influence market sentiment around reserve management. Such on-chain activities underscore the transparent nature of blockchain-based assets compared to traditional finance systems.
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ruggedNotShrugged
· 12-29 14:51
1.85 billion USDC directly burned... This move is really ruthless.
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ChainDetective
· 12-29 14:36
98.5M USDC burned in one go. What's the real intention behind this move? Is it about stablecoins shrinking or what's the logic behind it?
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LiquidityHunter
· 12-29 14:31
98.5m USDC burned in one go. Is this move actually stabilizing or just creating panic?
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ProbablyNothing
· 12-29 14:29
98.5 million USDC burned directly? That's a bit harsh. Is this part of the rhythm to reshape the stablecoin market?
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BearMarketBard
· 12-29 14:27
98.5 million USDC directly burned? How much liquidity does that require?
Nearly 98.5 million USDC destroyed in recent Treasury burn event, marking a substantial reduction in stablecoin circulation. The transaction worth approximately 98.5 million USD removes significant liquidity from the ecosystem. Large-scale USDC destructions like this typically signal adjustments in stablecoin supply dynamics and can influence market sentiment around reserve management. Such on-chain activities underscore the transparent nature of blockchain-based assets compared to traditional finance systems.