USDC Treasury Burns 60 Million Tokens on Ethereum Network

According to Odaily, Whale Alert has reported that the $USDC Treasury recently executed a burn of 60 million USDC tokens on the Ethereum blockchain. The transaction, which took place just minutes ago, underscores ongoing stablecoin management and supply regulation efforts within the crypto market. This move reflects Circle’s routine adjustments to maintain the 1:1 USDC peg and adapt to shifting market demand.