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#ETH USDC Treasury burns nearly 100 million USDC on the Solana chain and mints an equivalent amount of USDCP on the Ethereum chain. PA News December 29, reported by Whale Alert, states that the USDC Treasury burned 98,469,098 USDC on the Solana chain, worth approximately $98,547,873. Subsequently, the USDC Treasury minted 98,469,098 USDC on the Ethereum chain, worth about $98,557,720. Suspected chain swapping operation.