🔥 $60M USDC BURNED! Treasury Destroys 60M USDC – Bullish or Bearish?

🚨 Breaking: The USDC Treasury just destroyed 60,000,000 USDC (~$59.99M) on Ethereum at 16:45 UTC+8, as tracked by Whale Alert.

💡 What This Means:

✅ Supply Shock? Fewer USDC in circulation = potential price stability.

✅ Treasury Adjusting Liquidity? Could signal reduce demand or prep for new minting.

✅ DeFi Impact: Less USDC in pools = possible slippage changes.

📊 Market Watch:

USDC Dominance: Will this tighten spreads vs. USDT?

ETH Gas Fees: Large burns can sometimes spike congestion.

Next Move: Is Circle prepping for a bigger move?

💬 Your Take:

👉 Bullish (Reduced supply = stronger peg)?

👉 Bearish (Lower demand for stablecoins)?

#USDC #Stablecoins #CryptoNews #DeFi #Ethereum #Binance

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