USDC Treasury Burns 50 Million Tokens on Ethereum
Whale Alert just flagged a major move: the USDC Treasury has burned 50 million USDC on the Ethereum blockchain. Detected by ChainCatcher just minutes before the report, this isn’t unusual token burns are a standard way to manage supply and keep the stablecoin’s value steady. This latest burn highlights ongoing efforts to regulate USDC circulation and maintain stability in the crypto market.
USDC
1.0008
0.00%
ETH
2,919.63
+2.82%