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.
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MetaverseHermit
· 01-08 08:02
Burning coins again and again, this time only 51 million? It seems like the game of stablecoins is getting harder and harder to play.
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SolidityJester
· 01-07 19:03
51 million USDC directly burned, this move is indeed quite ruthless
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AirdropHunter420
· 01-07 19:02
I don't see the point of this... Burning coins is just burning coins. Supply management sounds impressive, but does it really help the price?
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AirdropNinja
· 01-07 18:56
Are you burning coins again? This move is quite interesting. With the stablecoin ecosystem constantly changing, is it really stable or not?
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ChainWanderingPoet
· 01-07 18:54
51 meters into the fire pit, this is what a stablecoin should look like.
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tx_or_didn't_happen
· 01-07 18:42
Burning coins is basically just for show; the real stability depends on whether the market is willing to buy or not.
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ChainChef
· 01-07 18:41
fifty mill burnt? that's just seasoning the pot at this point, honestly wondering if the market's even got the appetite for more deflation rn... 🤔
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.