Another Major USDC Burn: Circle Destroys Millions of Stablecoins Again

Circle, the issuer of USD Coin (USDC), has burned 150 million USDC tokens, equivalent to approximately $150 million. Whale Alert noticed the transaction occurred on the Ethereum blockchain, where Circle sent $150 million in USDC to a null, inaccessible address earlier in the day. The transaction has sparked curiosity among community members, who are speculating The post Another Major USDC Burn: Circle Destroys Millions of Stablecoins Again appeared first on Coin Edition .

Source: Coin Edition