According to Foresight News, Whale Alert reported that the U.S. Treasury has burned 60 million USDC tokens on the Ethereum blockchain. This action is part of ongoing efforts to manage the supply of the stablecoin and maintain its peg to the U.S. dollar. Token burning is a common practice in the cryptocurrency industry to ensure stability and control inflation. This action reflects the Treasury's commitment to maintaining the value and integrity of USDC in the market.

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