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💥Circle Burns $105M USDC Amid Strategic Supply Adjustment

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➡️On April 30, 2025, Circle burned 105 million USDC—worth $105 million—by sending it to Ethereum’s “black hole” address, permanently removing it from circulation. This aligns with Circle’s standard redemption model, where users exchange USDC for USD via Circle Mint, triggering a burn to maintain its 1:1 peg. Market analysts suggest a major institution may have redeemed the funds. The move follows Circle’s earlier minting of 250M USDC on Solana in August 2024 and reflects ongoing liquidity management and regulatory positioning.

↪️Meanwhile, Ripple reportedly offered $4–5 billion to acquire Circle, which was rejected. As Circle pursues a public listing and USDC circulates across 19 blockchains, stablecoin regulations and institutional interest continue to reshape the crypto landscape.