The USDC Treasury just torched a massive 50 million USDC tokens, worth approximately 50.01 million USD. This significant burn marks another major move in stablecoin management and reflects ongoing adjustments in the tokenomics. Such large-scale destruction events can impact overall supply dynamics and are closely watched by market participants tracking on-chain developments. The move suggests strategic treasury operations aimed at optimizing the token ecosystem and maintaining stability mechanisms.
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ChainSauceMaster
· 7h ago
Burn 50 million directly? That's a bit harsh. Will tightening the supply affect stability instead?
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MetaEggplant
· 01-09 01:24
Burned 50 million in one go, that's a ruthless move.
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GasSavingMaster
· 01-07 22:00
Did you burn 50 yuan per coin? I didn't understand this strategy...
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FarmToRiches
· 01-07 21:59
5 billion USDC burned in one go? Is Circle trying to manipulate the market or are they really out of money haha
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CodeZeroBasis
· 01-07 21:59
5 billion dollars directly burned? That's a bit intense.
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WhaleMinion
· 01-07 21:57
50 million directly burned? Is this move to control inflation or are they holding back a big trick?
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BearMarketSurvivor
· 01-07 21:55
50 million directly burned, that's a really aggressive move... Are stablecoins also going for deflation?
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PessimisticLayer
· 01-07 21:52
50 million burned, huh? Is this move to stabilize the price or is there really an oversupply?
The USDC Treasury just torched a massive 50 million USDC tokens, worth approximately 50.01 million USD. This significant burn marks another major move in stablecoin management and reflects ongoing adjustments in the tokenomics. Such large-scale destruction events can impact overall supply dynamics and are closely watched by market participants tracking on-chain developments. The move suggests strategic treasury operations aimed at optimizing the token ecosystem and maintaining stability mechanisms.