$USDC The U.S. Department of the Treasury burns 60 million tokens in $ETH. According to the Foresight News site, Whale Alert reported that the U.S. Department of the Treasury has burned 60 million tokens on the Ethereum blockchain. This action is part of ongoing efforts to manage the supply of stable cryptocurrencies and maintain their peg to the U.S. dollar. Token destruction is a common practice in the cryptocurrency sector to ensure stability and control inflation. This step reflects the U.S. Department of the Treasury's commitment to maintaining the value and integrity of the currency $USDC in the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.