Nearly 82 million USDC destroyed: The USDC Treasury just burned 81,999,992 USDC tokens, equivalent to approximately $81.99 million. This significant reduction in stablecoin supply could have ripple effects on liquidity conditions across DeFi protocols and major exchanges. Large-scale destruction events like this often signal strategic adjustments in circulating supply and warrant close monitoring for potential market implications.
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FastLeaver
· 12-22 20:57
More than 80 million USDC directly destroyed? This operation is a bit harsh.
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BankruptWorker
· 12-22 20:48
82 million USDC directly burned? This move is a bit impressive, is it to pump or really a supply adjustment?
Nearly 82 million USDC destroyed: The USDC Treasury just burned 81,999,992 USDC tokens, equivalent to approximately $81.99 million. This significant reduction in stablecoin supply could have ripple effects on liquidity conditions across DeFi protocols and major exchanges. Large-scale destruction events like this often signal strategic adjustments in circulating supply and warrant close monitoring for potential market implications.