The U.S. Department of the Treasury burns 60 million tokens on $ETH . According to Foresight News, Whale Alert reported that the U.S. Department of the Treasury has burned 60 million tokens on the Ethereum blockchain. This action is part of ongoing efforts to manage the supply of the stablecoin and maintain its peg to the U.S. dollar. Token destruction is a common practice in the cryptocurrency sector to ensure stability and control inflation. This step reflects the U.S. Department of the Treasury's commitment to maintaining the value and integrity of currency$USDC in the market.