USDC Treasury Burns 60 Million Tokens on Ethereum$ETH , Signals Supply Adjustment

According to Odaily, Whale Alert has detected a significant on-chain transaction involving the destruction of 60 million USDC tokens by the USDC Treasury on the Ethereum network. The burn occurred just minutes ago, indicating active supply management by Circle, the issuer of the stablecoin.

Such large-scale token burns are typically conducted to adjust circulating supply in response to market demand, redemptions, or liquidity shifts. The move underscores ongoing activity and transparency within the stablecoin sector, particularly on Ethereum, where USDC plays a major role in DeFi and trading.

This event also highlights the broader trend of stablecoin issuers actively managing token flows as part of their commitment to stability and trust in the ecosystem.