🚨 USDC Treasury Burns Over 56 Million Tokens on Ethereum
According to BlockBeats via WhaleAlert, the USDC Treasury has just destroyed 56,673,853 USDC on the Ethereum blockchain. 🧨
🕒 The burn occurred just 4 minutes before detection, as part of ongoing supply regulation and treasury management of USDC on Ethereum.
🔍 These controlled burns are standard practice to maintain 1:1 backing and stabilize circulating supply in response to redemptions or market conditions.
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