Whale Alert
107,442,256 $USDC (≈$107.5M USD) has been burned at USDC Treasury.
107,442,256 $USDC (≈$107.5M USD) has been burned at USDC Treasury.
Burning $USDC reduces its circulating supply, which can potentially increase the value of the remaining tokens due to scarcity.
The body does not specify the frequency of burns, but it indicates that this is a significant event involving over 107 million $USDC.
Stories our editors think pair well with this one.
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Catch up on earlier coverage from this beat.
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