💥 USDC burns 60 million tokens on Ethereum!
According to Whale Alert, the US Treasury has destroyed 60 million USDC on the Ethereum blockchain — part of a strategy to regulate the supply of the stablecoin and maintain its stability.
🔥 This action is aimed at:
Controlling inflation
Maintaining the peg to the dollar
Strengthening trust in USDC
💬 Burning is a common practice in the industry, signaling a commitment to stability and transparency.
