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USDC Treasury burns 150 million tokens on Ethereum
On January 27, blockchain data analysis detected significant activity related to the USDC Treasury. According to on-chain reports, the USDC issuer executed two consecutive burn transactions on the Ethereum network totaling 150 million USDC—a substantial volume given the current market conditions.
Transaction Details and Market Impact
The first transaction of 100 million USDC was carried out at 22:46 UTC+8, followed by a second burn transfer of 50 million USDC at 23:01 UTC+8. Both activities were uncovered through independent blockchain monitoring and confirmed by public data on Ethereum.
The burning of 150 million is part of Treasury management to control the circulating token supply. According to the latest data, USDC has a circulating volume of 70,347,025,014 units globally. Such token burns are generally performed to maintain stability and economic balance within the continuously evolving blockchain ecosystem.