What does an ordinary person do if they have an extra 74 million dollars lying around? Correct. They buy an island, a yacht, or at least a few apartments in Dubai. But what does the USDC treasury do? It takes that money and... burns it. That's right, burns it. Not metaphorically, but literally — 74 million digital dollars on the Solana network turned into virtual ash.
If any of us did that, the neighbors would call a psychiatrist. But when Circle does it, we should clap our hands and say: "Wow, what a transparent monetary policy!"
Why are they doing this?
The official version sounds noble:
"We manage liquidity,"
"We support the stability of the dollar peg,"
"This is needed for the market."
Now let's translate this into human language.
Imagine you are printing your own money on a printer. Then you realize that you have printed too much. And there you are, in the guise of a mad artist, ceremoniously burning half the stack right in front of your neighbors. Everyone applauds and shouts: "Genius! He is keeping inflation under control!"
Beautiful, isn't it?
Solana - a new stage for the fire show
And this is not the first time this has happened in Solana. March - minus 50 million. May - minus 52 million. August - a record: almost 75 million. People in the network are already joking that Solana will soon become not a blockchain, but a crematorium for USDC.
If you think that destroying millions of dollars makes the world more stable, you might be working at Circle. If you are an ordinary person, you can't help but wonder:
"Why does someone have the right to create money and then burn it at the snap of a finger?"
But don't worry, you were explained: it's for your own good.
So relax, smile, and watch as millions disappear from the blockchain. Because nothing strengthens trust in the system like a beautiful fire show worth 74 million dollars.
