๐ฅ๐ฅ 69,801,539 USDC (โ69.78M) just BURNED at the USDC Treasury! ๐๏ธ๐จ
This reduces the total supply โ potentially bullish for $USDCโs peg strength and broader market stability ๐งญ
*What it means:*
- Big redemptions likely โ investors converting USDC back to fiat ๐ต
- Could signal profit-taking or a shift in capital allocation ๐โก๏ธ๐
- In a volatile macro environment, this kind of move shows confidence in liquidity and exit options ๐ช
Keep an eye on on-chain flows โ another wave of rotation could be coming! ๐๐น